Mahindra Lifespace Developers is currently trading at Rs 265.00, up by 10.00 points or 3.92% from its previous closing of Rs 254.60 on the BSE.

The scrip opened at Rs 258.00 and has touched a high and low of Rs 266.00 and Rs 257.60 respectively. So far 1922 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 425.00 on 08-Apr-2011 and a 52 week low of Rs 235.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs 266.00 and Rs 236.00 respectively. The current market cap of the company is Rs 1086.21 crore.

The promoters holding in the company stood at 51.05% while Institutions and Non-Institutions held 31.40% and 17.34% respectively.

In a bid to expand its pan-India presence, Mahindra Lifespace Developers, the real estate and infrastructure developer is planning projects across 10 major cities. While, the company plans to initially cover major cities, seven of which it already has taken up projects with an investment outlay of Rs 2000 crore, developing 10 million square feet of built up space.

The company, which is charting an entry into the affordable housing segment, that is developing houses in the Rs 5 lakh to Rs 15 lakh category in the tier 2 cities of the country, plans to launch this project sometime in the latter part of next year.

Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.

Mahindra Life. Dev Share Price

469.05 -3.45 (-0.73%)
23-Dec-2024 10:39 View Price Chart
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