Mahindra Lifespace Developers shines as its arm launches residential project ‘Mahindra Nestalgia’

Mahindra Lifespace Developers is currently trading at Rs. 412.75, up by 8.65 points or 2.14% from its previous closing of Rs. 404.10 on the BSE.

Mahindra Lifespaces
Mahindra Lifespaces

The scrip opened at Rs. 413.35 and has touched a high and low of Rs. 414.00 and Rs. 410.85 respectively. So far 649 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 435.00 on 13-Jun-2022 and a 52 week low of Rs. 189.83 on 21-Jun-2021.

Last one week high and low of the scrip stood at Rs. 435.00 and Rs. 396.35 respectively. The current market cap of the company is Rs. 6244.70 crore.

The promoters holding in the company stood at 51.33%, while Institutions and Non-Institutions held 28.58% and 20.08% respectively.

Mahindra Lifespace Developers’ wholly owned subsidiary — Mahindra Bloomdale Developers has launched its second residential project ‘Mahindra Nestalgia’ at Pimpri Chinchwad, Pune.

The said project is registered with Maharashtra RERA. This residential project will cater both domestic and international market.

Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.

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