SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nitesh Estates soars as its subsidiary inks joint development agreement

23 Aug 2011 Evaluate

Nitesh Estates is currently trading at Rs 20.70, up by 0.65 points or 3.24% from its previous closing of Rs 20.05 on the BSE.

The scrip opened at Rs 20.25 and has touched a high and low of Rs 21.40 and Rs 20.25 respectively. So far 59833 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 50.90 on 07-Oct-2010 and a 52 week low of Rs 18.50 on 18-Aug-2011.

Last one week high and low of the scrip stood at Rs 21.40 and Rs 18.50 respectively. The current market cap of the company is Rs 292.39 crore.

The promoters holding in the company stood at 43.67% while Institutions and Non-Institutions held 34.99% and 21.35% respectively. 

Nitesh Estates subsidiary - Nitesh Urban Development has signed a joint development agreement for the development of 700,000 square feet of residential apartment at Sarjapur Outer Ring Road, Bangalore adjacent to the IT hub. Further, the project will yield total revenue of Rs 300 crore over the next 2 to 3 years adding significant income on consolidated basis to the company.

Recently, Nitesh Estates had entered into a joint development pact for about 3 acres of site off Cunningham Road in Bangalore for mixed use development for office, high end residential and retail segment. The project would give a turnover of Rs 400 crore and will have significant cash flow and rental income 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.

 

Satchmo Holdings Share Price

3.66 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×