Ritesh Properties jumps on launching project `Hampton Estates`
Ritesh Properties & Industries is currently trading at Rs. 43.50, up by 0.57 points or 1.33% from its previous closing of Rs. 42.93 on the BSE.
The scrip opened at Rs. 44.00 and has touched a high and low of Rs. 44.00 and Rs. 42.95 respectively. So far 20658 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.00 on 11-Oct-2022 and a 52 week low of Rs. 32.20 on 16-Aug-2022.
Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 41.76 respectively. The current market cap of the company is Rs. 1184.15 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 2.16% and 24.69% respectively.
Ritesh Properties and Industries has launched a project named ‘Hampton Estates’ spread over 12 acres of land which includes 111 residential plots of 250 square yards each & commercial properties including 25 brand outlets. It is estimated that the project will be completed in the Financial Year 2023-24.
This project will be one of its kind with state-of-the-art infrastructure development having total cost of Rs 100 crore (approximately). It is located on NH 5 (Chandigarh - Ludhiana highway) within Municipal Limits of Ludhiana which is around 800 meters away from its existing project Hampton Court Business Park.
Ritesh Properties & Industries is a leading company with business interests in garment exports. Recently the company has marked its foray in realty sector by entering into a joint venture agreement with developers Ansal Properties and Infrastructure for developing a premium housing project and a business park in Ludhiana.
