Mahindra Lifespace Developers is currently trading at Rs. 539.90, up by 2.25 points or 0.42% from its previous closing of Rs. 537.65 on the BSE.
The scrip opened at Rs. 541.95 and has touched a high and low of Rs. 550.40 and Rs. 536.00 respectively. So far 26191 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.40 on 12-Sep-2022 and a 52 week low of Rs. 218.65 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 550.40 and Rs. 511.70 respectively. The current market cap of the company is Rs. 8346.24 crore.
The promoters holding in the company stood at 51.33%, while Institutions and Non-Institutions held 29.52% and 19.15% respectively.
Mahindra Lifespace Developers is eyeing to acquire a few land parcels this fiscal (FY23) to build housing projects with sales potential of Rs 3,000-4,000 crore. The company will acquire these land parcels either through outright purchase or by forming Joint Development Agreements (JDAs) with landowners.
The company is looking to acquire new land parcels for business expansion in three focus cities -- Mumbai Metropolitan Region (MMR), Pune and Bengaluru. The company already acquired a land parcel this fiscal that has a Gross Development Value (GDV) of Rs 1,700 crore and the deal pipelines are strong.
Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.
