Modis Navnirman surges on securing Rs 250 crore redevelopment project in Mumbai
Modi's Navnirman is currently trading at Rs. 346.05, up by 8.05 points or 2.38% from its previous closing of Rs. 338.00 on the BSE.
The scrip opened at Rs. 349.40 and has touched a high and low of Rs. 349.40 and Rs. 345.30 respectively. So far 4 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.00 on 14-Nov-2025 and a 52 week low of Rs. 220.00 on 19-Feb-2025.
Last one week high and low of the scrip stood at Rs. 365.75 and Rs. 324.20 respectively. The current market cap of the company is Rs. 681.68 crore.
The promoters holding in the company stood at 63.79%, while Institutions and Non-Institutions held 12.26% and 23.95% respectively.
Modis Navnirman has secured redevelopment project for BOI Staff Sheetal Co-operative Housing Society, located at Ramnagar, Borivali (West), Mumbai. The redevelopment project is spread across a land parcel of around 3924.91 Sq. meters of plot area and is estimated to have a Gross Development Value (GDV) of around Rs 250 crore.
The project will focus on creating a modern, high-quality residential development that significantly enhances safety standards, sustainability features, and lifestyle amenities for residents.
Modi's Navnirman is engaged in the real estate sector. The company’s customer-centric business model focuses on designing and developing its products to address consumer needs across price points.
