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
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.
Indore Sees 12.8% Rise in Property Revenue During Festive October
The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.