Nitesh Estates is currently trading at Rs. 9.27, up by 0.46 points or 5.22% from its previous closing of Rs. 8.81 on the BSE.
The scrip opened at Rs. 8.85 and has touched a high and low of Rs. 9.50 and Rs. 8.85 respectively. So far 52287 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.40 on 23-Aug-2016 and a 52 week low of Rs. 7.13 on 17-Feb-2017.
Last one week high and low of the scrip stood at Rs. 9.50 and Rs. 8.71 respectively. The current market cap of the company is Rs. 138.54 crore.
The promoters holding in the company stood at 46.78%, while institutions and non-institutions held 14.82% and 38.39% respectively.
Nitesh Estates has acquired remaining 50% ownership of Courtyard Construction, thereby making CCPL a 100% wholly owned subsidiary. This gives 100% ownership of prime land parcel of 21,000 Sq.ft situated in Cunningham Road, Bangalore, owned by CCPL. In 2010, Nitesh Estates had acquired 50% ownership in CCPL.
Meanwhile, the company will be launching its Luxury Residential Project shortly, which will garner Rs 110 crore topline revenue over next 24 months.
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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