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Arihant Superstructures shines on venturing into outright purchase of 25 acres in Mumbai Metropolitan Region

24 Nov 2022 Evaluate

Arihant Superstructures is currently trading at Rs. 223.95, up by 5.90 points or 2.71% from its previous closing of Rs. 218.05 on the BSE.

The scrip opened at Rs. 223.35 and has touched a high and low of Rs. 225.10 and Rs. 218.10 respectively. So far 1693 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 261.30 on 22-Sep-2022 and a 52 week low of Rs. 102.00 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 226.50 and Rs. 216.50 respectively. The current market cap of the company is Rs. 921.16 crore.

The promoters holding in the company stood at 74.71%, while Institutions and Non-Institutions held 2.09% and 23.20% respectively.

Arihant Superstructures has ventured into an outright purchase of 25 acres of land at Chowk, off Mumbai-Pune highway. This stretch houses major township projects from the Hiranandani Communities, Wadhwa Developers and Godrej Properties. The project is set for a low rise development of around 200 bungalows. The project will have a unique design concept and 2-in-1 living of 1st and 2nd home.

Arihant Superstructures (ASL) is a leading real estate company. It also focuses on making quality lifestyles affordable for its discerning patrons, which epitomizes the core value of the group.

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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