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Ansal Buildwell shines on getting nod for investment in joint venture company

19 Feb 2021 Evaluate

Ansal Buildwell is currently trading at Rs. 47.70, up by 1.10 points or 2.36% from its previous closing of Rs. 46.60 on the BSE.

The scrip opened at Rs. 48.95 and has touched a high and low of Rs. 48.95 and Rs. 45.00 respectively. So far 1359 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.90 on 04-Dec-2020 and a 52 week low of Rs. 18.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 53.25 and Rs. 43.50 respectively. The current market cap of the company is Rs. 34.81 crore.

The promoters holding in the company stood at 54.82%, while Institutions and Non-Institutions held 0.06% and 45.11% respectively.

Ansal Buildwell has received an approval for the acquisition/purchase/investment in balance 50% equity share capital of Rs 1.15 crore i.e. 11,50,000 equity shares (face value of Rs. 10 each) of Joint Venture Company Ansal Crown Infrabuild by passing the Board Resolution in the meeting of Board of Directors.

The Board of Directors in its meeting held on February 15, 2021 has given its unanimous approval for the same.

Ansal Buildwell is engaged in real estate development and construction activity, both in India and abroad, high-rise commercial and residential complexes, environmental upgradation projects, farm lands, hi-tech engineering projects, schools, technical and professional institutes, industrial estates, etc.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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