Mahindra Lifespace jumps on securing society redevelopment project in Malad
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Mahindra Lifespace Developers is currently trading at Rs. 380.80, up by 7.05 points or 1.89% from its previous closing of Rs. 373.75 on the BSE.
The scrip opened at Rs. 384.00 and has touched a high and low of Rs. 386.00 and Rs. 376.50 respectively. So far 21839 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 554.55 on 13-Sep-2022 and a 52 week low of Rs. 309.10 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 386.00 and Rs. 358.65 respectively. The current market cap of the company is Rs. 5780.69 crore.
The promoters holding in the company stood at 51.28%, while Institutions and Non-Institutions held 30.74% and 17.97% respectively.
Mahindra Lifespace Developers has secured society redevelopment project. The company has been selected as the preferred partner to redevelop a residential society in Malad, West, one of the prominent residential and commercial localities situated in the western part of Mumbai. The project will offer the company a revenue potential of around Rs 850 crore.
Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.
