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.
Related News Articles
Redsun Properties Struggles to Meet $350 Million Bond Payment Due Next Week
A prolonged property market downturn in China has significantly impacted developers' financial stability, leading to mounting debt issues.
Mumbai: Grand Triplex in BKC's Signature Island Sells for ₹99 Crore
In one of the most significant luxury real estate deals of the year, a triplex apartment on the 15th floor of Signature Island in Mumbai has been sold for a staggering ₹99 crore. This high-profile transaction underscores the robust demand for premium prop
Arkade Developers to Transform Four Housing Societies in Mumbai: A Major Real Estate Revival
Arkade Developers, a prominent name in the Mumbai real estate market, is set to redevelop four housing societies in the city, marking a significant move in the local property landscape. This ambitious project is expected to generate substantial economic value and improve the living standards of the residents.
Sensex Closes Down 384 Points, Nifty Below 24700, Realty Stocks Perform Well
Realty sector stocks saw a surge in trade on 16 December as investors bet on the potential for strong performance in the real estate market, despite the Sensex and Nifty showing a downward trend.
Why Tier 2 & Tier 3 Cities are Becoming India's New Real Estate Hotspots
Tier 2 and Tier 3 cities in India are rapidly emerging as new growth hubs, attracting both homebuyers and real estate developers seeking opportunities. Here's why these cities are the new frontiers of real estate development.
Insolation Green Energy Secures Rs 36 Crore Order for Solar Modules
Insolation Green Energy, a leading player in the renewable energy sector, has recently secured a significant order worth Rs 36 crore for its solar modules. This strategic win not only highlights the company's growing market presence but also underscores the increasing demand for sustainable energy solutions in India.