Nitesh Estates has received CRISIL IER fundamental grade of ‘2/5’ from rating agency, CRISIL Research. The grade indicates that the company’s fundamentals are ‘Moderate’ relative to other listed equity securities in India. Further, the rating agency has assigned a valuation grade of 5/5 to the company.
Nitesh Estates is in the business of real estate development and is primarily engaged in the development of residential projects in Bangalore. It is also developing a hospitality project in Bangalore, a residential and an office project in Kochi.
