Meghna Infracon jumps on entering into redevelopment agreement for residential project in Andheri
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Meghna Infracon Infrastructure is currently trading at Rs. 513.70, up by 9.70 points or 1.92% from its previous closing of Rs. 504.00 on the BSE.
The scrip opened at Rs. 518.00 and has touched a high and low of Rs. 519.00 and Rs. 513.70 respectively. So far 3099 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 523.90 on 16-Aug-2024 and a 52 week low of Rs. 160.05 on 24-Aug-2023.
Last one week high and low of the scrip stood at Rs. 519.00 and Rs. 490.00 respectively. The current market cap of the company is Rs. 561.12 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 has entered into a redevelopment agreement for residential project at premium location of Medel Town, Lokhandwala, Andheri (West), Mumbai admeasuring approximately 35000 square feet. After transferring possession to the original tenant, the said project is expected to generate revenue of Rs 40 crore.
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.
