Ashiana Housing surges on clocking more than two-fold jump in sales bookings in FY23
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Ashiana Housing is currently trading at Rs. 190.05, up by 1.75 points or 0.93% from its previous closing of Rs. 188.30 on the BSE.
The scrip opened at Rs. 189.85 and has touched a high and low of Rs. 191.70 and Rs. 189.30 respectively. So far 4715 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 206.80 on 01-Jun-2023 and a 52 week low of Rs. 121.10 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 194.95 and Rs. 177.00 respectively. The current market cap of the company is Rs. 1949.81 crore.
The promoters holding in the company stood at 61.22%, while Institutions and Non-Institutions held 16.21% and 22.57% respectively.
Ashiana Housing has clocked a more than two-fold jump in its sales bookings to Rs 1,313.43 crore in the last fiscal (FY23) on strong housing demand. Sales bookings of Delhi-based Ashiana Housing, which specialises in senior living, stood at Rs 573.25 crore in the 2021-22 fiscal.
Sales bookings in volume terms rose 75 per cent to 25.86 lakh square feet during 2022-23 from 14.76 lakh square feet in the preceding fiscal. Sales price improved by 31 per cent to Rs 5,080 per square foot in FY23 from Rs 3,883 per square foot in the previous fiscal, driven by increasing prices across projects and changing mix towards higher priced projects.
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.
