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Maharashtra Corporation shines on acquiring plots totaling 2140 sq yards for Rs 45.16 crore

Maharashtra Corporation Ltd. | Trading | Miscellaneous | BSE: 505523 | NSE:

26 Feb 2024 Evaluate

Maharashtra Corporation is currently trading at Rs. 1.50, up by 0.07 points or 4.90% from its previous closing of Rs. 1.43 on the BSE.

The scrip opened at Rs. 1.50 and has touched a high and low of Rs. 1.50 and Rs. 1.50 respectively. So far 660986 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 2.00 on 08-Feb-2024 and a 52 week low of Rs. 1.04 on 12-Jul-2023.

Last one week high and low of the scrip stood at Rs. 1.58 and Rs. 1.31 respectively. The current market cap of the company is Rs. 26.95 crore.

The promoters holding in the company stood at 16.33%, while Non-Institutions held 83.67% stake in the company.

Maharashtra Corporation has acquired plots totaling 2140 sq yards at the consideration of about Rs 45.16 crore. Post development of the project, the company is eyeing a revenue of about Rs 120 crore from the sale of the project.

Also, the company has successfully completed the full payments towards the plots of land situated at Naranpura, Ahmedabad, earmarked for its commercial project. The forthcoming project enjoys a prime commercial location in the city, boasting a direct overlook of a 120-foot-wide road, and a short distance from the Sardar Vallabhai Patel Stadium in Ahmedabad.

The company’s plans for development encompass around 120,000 square feet of built-up area, designed to accommodate a diverse range of commercial spaces including showrooms, offices, and multi-use facilities on the current plot. The proposed development will cater to various needs such as showrooms, hospitals, clinics, professional office spaces, and lifestyle establishments, aligning with the evolving demands of the market.

Maharashtra Corporation is engaged in the business of trading in agricultural products. The company has also commenced additional activities like Import and Export of handicraft item and other goods.

Maharashtra Corpn. Share Price

0.39 0.00 (0.00%)

17-Apr-2026 16:59 View Price Chart

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Maharashtra Corporation shines on acquiring plots totaling 2140 sq yards for Rs 45.16 crore

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