Meghna Infracon Infrastructure touches roof on launching residential project at Goregaon west
Meghna Infracon Infrastructure is currently trading at upper limit of Rs. 568.40, up by 26.65 points or 4.92% from its previous closing of Rs. 541.35 on the BSE.
The scrip opened at Rs. 532.00 and has touched a high and low of Rs. 568.40 and Rs. 532.00 respectively. So far 4618 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 568.40 on 05-Sep-2024 and a 52 week low of Rs. 175.60 on 12-Sep-2023.
Last one week high and low of the scrip stood at Rs. 568.40 and Rs. 515.05 respectively. The current market cap of the company is Rs. 616.95 crore.
The promoters holding in the company stood at 46.92%, while Institutions and Non-Institutions held 0.80% and 52.28% respectively.
Meghna Infracon Infrastructure (MIIL) has launched New Residential Project named ‘Manju Villa’ located at Goregaon (west). The project marks MIIL's strategic move into the space premium of Luxury real estate in Mumbai.
The project has a total construction area of about 30 Thousand Sqft after delivering the possession to the original tenants the project is expected to generate revenue about of Rs 37 crore.
The construction of the property will be executed by ‘Meghna Developers AOP’, an associate entity of Meghna Infracon Infrastructure, in which 90% of the stake hold by Meghna Infracon Infrastructure.
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 tim