Arihant Superstructures shines on receiving approval for purchase of land at Khalapur

20 Apr 2012

Arihant Superstructures is currently trading at Rs. 65.80, up by 1.40 points or 2.17% from its previous closing of Rs. 64.40 on the BSE.

The scrip opened at Rs. 65.45 and has touched a high and low of Rs. 65.80 and Rs. 62.75 respectively. So far 31,007 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.95 on 26-May-2011 and a 52 week low of Rs. 48.95 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 69.95 and Rs. 60.00 respectively. The current market cap of the company is Rs. 180.00 crore.

The promoters holding in the company stood at 71.94% while Non-Institutions hold 28.06% respectively.

Arihant Superstructures has received an approval for the purchase of land at Khalapur. The board at its meeting held on April 19, 2012 has approved for the same.

Recently, the company had received an approval whereby it will venture into diversified business of industries for manufacturing AAC Blocks at Jodhpur in Rajasthan. The board of director at its meeting held on February 11, 2012 had approved for the same.

Arihant Superstructures is one of the real estate development and construction companies in Navi Mumbai, Maharashtra. It mainly undertakes residential projects.

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Puchho Befikar
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