Hubtown slips with promoter selling 6.92 lakh shares

29 Nov 2017

Hubtown is currently trading at Rs. 129.15, up by 0.55 points or 0.42% from its previous closing of Rs. 129.70 on the BSE.

The scrip opened at Rs. 131.25 and has touched a high and low of Rs. 133.70 and Rs. 128.55 respectively. So far 1,70,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.00 on 11-May-2017 and a 52 week low of Rs. 83.40 on 30-Mar-2017.

Last one week high and low of the scrip stood at Rs. 133.70 and Rs. 116.55 respectively. The current market cap of the company is Rs. 939.38 crore.

The promoters holding in the company stood at 71.58%, while Institutions and Non-Institutions held 6.48% and 21.94% respectively.

Hubtown’s promoter Lata Mahipatray Shah has sold 6.92 lakh shares of the company. The promoter has offloaded these shares for Rs 128.68 per share on the BSE on November 28, 2017.

Hubtown engaged in the development, sale, and lease of commercial, residential, retail, and industrial properties. The company's project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks. 

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