Vipul surges on selling apartments worth Rs 303 crore in its new project ‘Aarohan’

09 Jun 2016

Vipul is currently trading at Rs. 55.75, up by 3.15 points or 5.99% from its previous closing of Rs. 52.60 on the BSE.

The scrip opened at Rs. 53.85 and has touched a high and low of Rs. 58.00 and Rs. 53.85 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 67.85 on 07-Oct-2015 and a 52 week low of Rs. 31.10 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 58.00 and Rs. 52.35 respectively. The current market cap of the company is Rs. 668.91 crore.

The promoters holding in the company stood at 63.38% while Non-Institutions held 36.62% respectively.

Vipul, a renowned Gurgaon-based real estate developer has seen a good response to the launch of its new project, Aarohan, at Golf course Road, Gurgaon. This represents more than 26% of the 382 apartments it opened for sale in the first phase of this project. The value of apartments sold is in excess of Rs 303 crore.

Aarohan constitutes three iconic towers with four apartments on each floor in each tower in the 1st Phase. The total estimated area shall be 0.9mn sq. ft. of Premium Residential space in the 1st Phase. Aarohan will include facilities such as a sky deck, landscaped intermediated terraces, amphitheater, modern security solutions including synchronized fire fighting systems, CCTV surveillance in complex, smoke and heat detectors amongst other State of the Art facilities.

Vipul is a leading Real Estate Developer in NCR besides developing properties in Ludhiana, Bawal, Bhubaneshwar, Faridabad and Gurgaon.


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