Meghna Infracon Infrastructure gains on executing agreement to re-develop residential project in Mumbai
Meghna Infracon Infrastructure is currently trading at Rs. 1106.00, up by 14.85 points or 1.36% from its previous closing of Rs. 1091.15 on the BSE.
The scrip opened at Rs. 1091.15 and has touched a high and low of Rs. 1119.00 and Rs. 1067.00 respectively. So far 20754 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.90 on 09-Jun-2025 and a 52 week low of Rs. 367.90 on 24-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1145.00 and Rs. 1015.00 respectively. The current market cap of the company is Rs. 1200.35 crore.
The promoters holding in the company stood at 46.92%, while Institutions and Non-Institutions held 1.94% and 51.15% respectively.
Meghna Infracon Infrastructure has executed development agreement to re-develop a residential project of admeasuring about thirty-one thousand Sq.ft construction area situated at Dadar/Prabhadevi, Mumbai. The development being undertaken will lead with estimated revenue of Rs 80 crore. This new development marks the group's entry into Dadar/Prabhadevi after successfully developing many gated communities location in the Mumbai Metropolitan Region. The project is expected to be launched in CY 2025.
Meghna Infracon Infrastructure is one of Mumbai’s premium real estate developers. The company strives to create developments that set new benchmarks and is deeply committed to completing its promises on time.
