Max Estates moves up on getting nod for incorporation of wholly-owned subsidiary
Max Estates is currently trading at Rs. 451.55, up by 1.50 points or 0.33% from its previous closing of Rs. 450.05 on the BSE.
The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 480.00 and Rs. 450.90 respectively. So far 429 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 724.45 on 18-Dec-2024 and a 52 week low of Rs. 320.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 485.90 and Rs. 437.95 respectively. The current market cap of the company is Rs. 7350.16 crore.
The promoters holding in the company stood at 45.24%, while Institutions and Non-Institutions held 33.38% and 21.37% respectively.
Max Estates has received approval for incorporation of a wholly-owned subsidiary. The proposed wholly-owned subsidiary shall carry out the same business activities i.e. real estate activities. The Board of Directors of the company at their meeting held on August 8, 2025, inter alia approved the same.
Max Estates is the real estate arm of the Max Group.
