Keystone Realtors soars on reporting 2- fold jump in pre-sales during Q1FY24
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Keystone Realtors is currently trading at Rs. 604.50, up by 28.40 points or 4.93% from its previous closing of Rs. 576.10 on the BSE.
The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 614.45 and Rs. 585.00 respectively. So far 5295 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 614.45 on 10-Jul-2023 and a 52 week low of Rs. 416.45 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 614.45 and Rs. 564.45 respectively. The current market cap of the company is Rs. 6837.20 crore.
The promoters holding in the company stood at 86.70%, while Institutions and Non-Institutions held 8.30% and 5.00% respectively.
Keystone Realtors has achieved the best ever pre-sales of Rs 500 crore in Q1FY24 as compared to Rs 240 crore in Q1FY23, reporting 2- fold jump Year-on- Year (Y-o-Y) basis. Its collections are robust at Rs 490 crore in Q1FY24 as compared to Rs 400 crore in Q1FY23, showing a growth of 22% YoY basis.
The company has added 3 Projects in Q1FY24 having saleable Area of 1.1 mn sq ft and estimated Gross Development Value (GDV) of Rs 2500 crore. All these are redevelopment projects. These strategic additions align with goal to maintain and strengthen leadership in the redevelopment space.
Keystone Realtors is one of the prominent real estate developers and is engaged primarily in the business of real estate construction, development and other related activities in India.
