Max India zooms as its arm`s joint venture secures partial OC for project in Noida
Max India is currently trading at Rs. 174.70, up by 22.25 points or 14.59% from its previous closing of Rs. 152.45 on the BSE.
The scrip opened at Rs. 151.25 and has touched a high and low of Rs. 177.15 and Rs. 150.85 respectively. So far 30028 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 242.40 on 25-Sep-2025 and a 52 week low of Rs. 121.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 181.30 and Rs. 145.65 respectively. The current market cap of the company is Rs. 923.61 crore.
The promoters holding in the company stood at 49.82%, while Institutions and Non-Institutions held 8.70% and 41.48% respectively.
Max India’s wholly owned subsidiary -- Antara Senior Living’s Joint Venture Company -- Contend Builders has secured a partial Occupancy Certificate (OC) for its senior living community at Sector 150, Noida. This covers 3 towers and 340 units in Phase I. With this development, 340 senior families are set to receive possession of their homes.
This OC unlocks around Rs 150 crore in receivables that were contingent on possession. The total development spans around 12 lakh square feet (1.11 lakh square metres), of which Phase I accounts for around 7.45 lakh square feet (0.69 lakh square metres) and Phase II for the remaining 4.55 lakh square feet (0.42 lakh square metres). Total revenue for Phase I stands at around Rs 550 crore, while Phase II is expected to generate around Rs 800 crore. With Phase I on the path to possession, the Contend Builders will actively pursue the revalidation of approvals for Phase II.
