Nitesh Estates is currently trading at Rs. 15.96, up by 0.06 points or 0.38% from its previous closing of Rs. 15.90 on the BSE.
The scrip opened at Rs. 15.60 and has touched a high and low of Rs. 16.15 and Rs. 15.25 respectively. So far 7159 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.50 on 11-Jan-2011 and a 52 week low of Rs. 13.60 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 17.30 and Rs. 14.71 respectively. The current market cap of the company is Rs. 232.75 crore.
The promoters holding in the company stood at 44.28% while Institutions and Non-Institutions held 30.91% and 24.81% respectively.
Nitesh Urban Development (NUDPL) has become a 100% wholly owned subsidiary (WOS) of Nitesh Estates with effect from December 31, 2011. NUDPL has become a WOS after the company has acquired the balance 4,900 equity shares from the promoters of NUDPL.
Recently, Nitesh Estates had signed a super luxury residential project ‘Nitesh Park Avenue’ in High Grounds, Sankey Road at Bangalore. Nitesh Park Avenue would generate revenue of Rs 200 crore.
Nitesh Estates is in the business of real estate development and is primarily engaged in the development of residential projects in Bangalore. It is also developing a hospitality project in Bangalore, a residential and an office project in Kochi.