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Ashiana Housing soars on entering into MoU with Pune based developer

28 Sep 2017

Ashiana Housing is currently trading at Rs. 167.50, up by 5.25 points or 3.24% from its previous closing of Rs. 162.25 on the BSE.

The scrip opened at Rs. 168.00 and has touched a high and low of Rs. 169.90 and Rs. 165.30 respectively. So far 5841 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 250.35 on 03-Apr-2017 and a 52 week low of Rs. 115.80 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 174.45 and Rs. 159.25 respectively. The current market cap of the company is Rs. 1714.40 crore.

The promoters holding in the company stood at 61.04%, while Institutions and Non-Institutions held 13.58% and 25.38% respectively.

Ashiana Housing has entered into a Memorandum of Understanding (MoU) with a Pune based developer for development of a Group Housing Project on approximately 19 acres of land parcel situated near Hinjwadi, District Pune in state of Maharashtra on revenue sharing basis. The expected saleable area would be approximately 12.5 lakh square feet to 15 lakh square feet.

Ashiana Housing is a real estate development company. It is engaged in building residential and commercial projects. The firm also offers retirement resorts, group housing, hotels, retail and facility management.

Related Ashiana Housing Ltd. Links:

Ashiana Housing Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323