Nitesh Estates is currently trading at Rs. 14.11, up by 0.81 points or 6.09% from its previous closing of Rs. 13.30 on the BSE.
The scrip opened at Rs. 13.25 and has touched a high and low of Rs. 14.40 and Rs. 13.25 respectively. So far 52481 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.70 on 09-Jun-2014 and a 52 week low of Rs. 9.30 on 23-Dec-2014.
Last one week high and low of the scrip stood at Rs. 14.40 and Rs. 12.91 respectively. The current market cap of the company is Rs. 206.21 crore.
The promoters holding in the company stood at 46.51% while Institutions and Non-Institutions held 25.11% and 28.37% respectively.
Nitesh Estates through its 100% wholly owned subsidiary has concluded the acquisition of the shopping Mall in Koregaon, a up-market prime location in Pune. This shopping mall is situated in a prime location of Pune on 6 acre land area with built up area of over one million square feet and houses some of the prominent brands.
The mall will generate over Rs 45 crore of rental income per annum after a couple of years and will add significant top line revenue to the company and value creation. The mall asset will also enhance the consolidated asset value of the company.
Nitesh Estates is a leading integrated property development company headquartered in Bangalore. The company provides world-class products and services and has presence across four asset class - Homes, Hotels, Office Buildings, and Shopping Malls.
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