Luxury Real Estate Developer Meghna Infracon Infrastructure Ltd. Unveils New Residential Project 'RIVAAN' in Mumbai
Meghna Infracon Infrastructure Ltd., a rising star in the real estate industry, has launched its latest residential project, 'RIVAAN', in Goregaon (west), Mumbai.
Real EstateMumbaiMultibagger StockResidential ProjectMeghna Infracon Infrastructure LtdReal Estate MumbaiJun 26, 2024
Commenting on this development, Mr. Vikram Jayantilal Lodha, Managing Director, said, 'We are happy to announce the launch of 'Rivaan' unveiling affluent Residents in Goregaon (west), Mumbai for the development of approx. 1 lac sq. Ft Carpet Area. The launch of 'RIVAAN' marks a significant milestone in our journey towards becoming the preferred luxurious real estate developers in Mumbai.'
Today, shares of Meghna Infracon Infrastructure Ltd jumped 19.20 per cent and made a fresh new 52-week high of Rs 468 per share from its previous closing of Rs 393.45 per share. At the closing bell, shares of the company were trading in the green, up 10.89 per cent to Rs 436.30 per share.
The company has a market cap of Rs 466 crore. The shares of the company have an ROE of 27 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 4,650 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Frequently Asked Questions
What is the name of the new residential project launched by Meghna Infracon Infrastructure Ltd?
The name of the new residential project is 'RIVAAN'.
Where is the 'RIVAAN' project located?
The 'RIVAAN' project is located in Goregaon (west), Mumbai.
What is the market capitalization of Meghna Infracon Infrastructure Ltd?
The market capitalization of Meghna Infracon Infrastructure Ltd is Rs 466 crore.
What are the returns on equity (ROE) and return on capital employed (ROCE) of Meghna Infracon Infrastructure Ltd?
The ROE is 27 per cent and the ROCE is 21 per cent.
What kind of returns has the stock given in the last 1 year and 3 years?
The stock has given multibagger returns of 200 per cent in just 1 year and a whopping 4,650 per cent in 3 years.
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