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Arihant Superstructures shines on undertaking new project on development management model

17 Sep 2018

Arihant Superstructures is currently trading at Rs. 73.65, up by 2.70 points or 3.81% from its previous closing of Rs. 70.95 on the BSE.

The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 73.65 and Rs. 70.95 respectively. So far 5264 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 190.60 on 04-Jan-2018 and a 52 week low of Rs. 61.25 on 11-Jul-2018.

Last one week high and low of the scrip stood at Rs. 73.95 and Rs. 64.00 respectively. The current market cap of the company is Rs. 292.03 crore.

The promoters holding in the company stood at 74.14%, while Institutions and Non-Institutions held 6.48% and 19.38% respectively.

Arihant Superstructures (ASL) has undertaken a new project on Development Management Model of 264 Flats, at Village Koynavelhe, Panvel. The project will start construction and sale activities from September 22, 2018. The plans are approved by the land owners, ASL will manage sale, construction and accounts activities for the said project. The estimated period of the project will span life of around 3 years.

Further, Arihant Vatika Realty, Subsidiary company has received approval and permission for project names as ‘Arihant Amber’ at Ghot, Panvel, which is scheduled to commence shortly.

Arihant Superstructures is a real estate company with dominant presence in the affordable housing segment in the Mumbai MMR and the Jodhpur region.

Related Arihant Superstructures Ltd. Links:

Arihant Superstruct. Share Price

93.10 -3.40 (-3.52%) Jun 16, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 550.90
NBCC (India) 56.10
Sobha 501.95
JMC Projects (India) 116.70
Prestige EstatesProj 284.30
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Sensex vs Arihant Superstruct.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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