Marathon Nextgen Realty surges as its arm enters into JDA for redevelopment project in Mumbai
Marathon Nextgen Realty is currently trading at Rs. 397.15, up by 8.85 points or 2.28% from its previous closing of Rs. 388.30 on the BSE.
The scrip opened at Rs. 397.00 and has touched a high and low of Rs. 406.00 and Rs. 397.00 respectively. So far 1968 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 710.50 on 01-Aug-2025 and a 52 week low of Rs. 368.40 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 406.00 and Rs. 380.20 respectively. The current market cap of the company is Rs. 2,716.04 crore.
The promoters holding in the company stood at 56.42%, while Institutions and Non-Institutions held 19.38% and 24.20% respectively.
Marathon Nextgen Realty’s subsidiary -- Sunset Spaces has entered into a Joint Development Agreement (JDA) for a cluster redevelopment project in Sewri, Mumbai. The proposed development will comprise a high-rise residential tower with high-street retail spaces. The project is situated on a land parcel admeasuring around 7,500 square metres and has an estimated Gross Development Value (GDV) of around Rs 450 crore for Marathon Nextgen Realty.
