Marathon Nextgen Realty surges on reporting over 2-fold jump in sales value during Q1FY24
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Marathon Nextgen Realty is currently trading at Rs. 331.35, up by 5.00 points or 1.53% from its previous closing of Rs. 326.35 on the BSE.
The scrip opened at Rs. 325.45 and has touched a high and low of Rs. 340.55 and Rs. 319.40 respectively. So far 8004 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 338.00 on 22-Jun-2023 and a 52 week low of Rs. 186.00 on 11-Nov-2022.
Last one week high and low of the scrip stood at Rs. 340.55 and Rs. 315.00 respectively. The current market cap of the company is Rs. 1536.51 crore.
The promoters holding in the company stood at 74.44%, while Institutions and Non-Institutions held 0.18% and 25.38% respectively.
Marathon Nextgen Realty has reported over 2-faold jump in its sales value during the April-June quarter (Q1FY24) to Rs 323 crore as compared to Rs 127 crore in Q1FY23. The company has sold 1,84,991 Sq. ft during Q1FY24 as compared to 1,06,607 Sq. ft during Q1FY23, rise by 74%. The collections from customers against sales increased 92% to Rs 233 crore in Q1FY24 from Rs 121 crore during Q1FY23.
Marathon Nextgen Realty focuses on residential and commercial segments.
