Arihant Superstructures is currently trading at Rs. 191.00, up by 11.35 points or 6.32% from its previous closing of Rs. 179.65 on the BSE.
The scrip opened at Rs. 184.45 and has touched a high and low of Rs. 194.00 and Rs. 174.70 respectively. So far 175359 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.00 on 05-Jul-2017 and a 52 week low of Rs. 67.00 on 09-Sep-2016.
Last one week high and low of the scrip stood at Rs. 194.00 and Rs. 174.70 respectively. The current market cap of the company is Rs. 786.57 crore.
The promoters holding in the company stood at 74.14%, while Institutions and Non-Institutions held 5.23% and 20.63% respectively.
Arihant Superstructures has received the Intent of Approval (IOA) for one of its project ‘Arihant Akanksha’. The company’s ‘Arihant Akanksha’ is a project of one of its subsidiary located at Panvel near Navi Mumbai Airport.
This brings Arihant Superstructures one step closure to launching the MEGA Project shortly. This 3 Million Square feet Project qualifies under Section 80 IB of Income Tax Act, 1961 for tax exemption benefits under Affordable Housing Policy i.e. ‘Housing for all by 2022’.
Arihant Superstructures is a real estate company with dominant presence in the affordable housing segment in the Mumbai MMR and the Jodhpur region.
