Poddar Developers is currently trading at Rs. 1360.00, up by 10.00 points or 0.74% from its previous closing of Rs. 1350.00 on the BSE.
The scrip opened at Rs. 1350.00 and has touched a high and low of Rs. 1360.00 and Rs. 1350.00 respectively. So far 224 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1710.00 on 07-Jul-2015 and a 52 week low of Rs. 957.00 on 17-Dec-2014.
Last one week high and low of the scrip stood at Rs. 1388.00 and Rs. 1350.00 respectively. The current market cap of the company is Rs. 858.89 crore.
The promoters holding in the company stood at 61.01% while Institutions and Non-Institutions held 16.92% and 22.07% respectively.
Poddar Developers is planning to raise Rs 600 crore from private equity players for land acquisitions and project specific developments. The company is expected to close the fund-raising in six months. Earlier in January, the company had raised Rs 125 crore through qualified institutions placement (QIP) route. The company is looking to deliver about 1,500-2,000 flats this year and hope to increase this delivery rate by about 40-60 per cent in the next year.
Poddar Developers is an India-based real estate company. The Company’s projects include residential and commercial developments. The Company’s residential developments include Samruddhi Complex, Bhivpuri and Poddar Evergreens, Badlapur.
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