Ashiana Housing soars on planning to invest Rs 350 crore to develop housing project in Pune
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Ashiana Housing is currently trading at Rs. 124.30, up by 3.20 points or 2.64% from its previous closing of Rs. 121.10 on the BSE.
The scrip opened at Rs. 128.40 and has touched a high and low of Rs. 128.40 and Rs. 123.80 respectively. So far 20 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 209.95 on 23-Sep-2021 and a 52 week low of Rs. 113.65 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 131.00 and Rs. 113.65 respectively. The current market cap of the company is Rs. 1239.48 crore.
The promoters holding in the company stood at 61.22%, while Institutions and Non-Institutions held 15.13% and 23.65% respectively.
Ashiana Housing is planning to invest around Rs 350 crore over the next five years to develop a housing project in Pune as part of its expansion plan. The company has tied up with Pune-based Lohia Jain Group, which owns 11.33 acre land in Hinjewadi region. The project 'Ashiana Malhar' will have 990 residential units. The first phase comprises 224 units. The investment will be funded through internal accruals and advances from customers against sales.
Ashiana Housing is a real estate development company. It is engaged in building residential and commercial projects. The firm also offers retirement resorts, group housing, hotels, retail and facility management.
