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Business Standard
37 minutes ago
- Business Standard
Keystone Realtors up 8% on receiving LoA for Mumbai redevelopment project
Keystone Realtors shares spiked 8.3 per cent in trade on Tuesday, logging an intraday high at ₹666 per share on BSE. At 10:28 AM, Keystone Realtors share price was trading 5.13 per cent higher at ₹645.95 per share on the BSE. In comparison, the BSE Sensex was up 0.06 per cent at 83,652.6. The company's market capitalisation stood at ₹8,140.89 crore. Its 52-week high was at ₹799.95 per share and 52-week low was at ₹484 per share. In one year, Keystone Realtors shares have lost 7.5 per cent as compared to Sensex's rise of 5 per cent. What led to a rally in Keystone Realtors' stock? The northward movement in the stock came after the company, in collaboration with MHADA (Maharashtra Housing and Area Development Authority), received a letter of acceptance (LoA) for the redevelopment of GTB Nagar in Sion. The redevelopment area spans approximately 11.19 acres (45,308 square meters) and is expected to benefit over 1,400 families. It is poised to unlock a saleable area of around 20.7 lakh square feet, with an estimated Gross Development Value (GDV) of approximately ₹4,521 crore. 'We are honoured to have received the LOA for the redevelopment of GTB Nagar in Sion; a project that carries the hopes of 1,200 society members and 200 slum residents. As a pioneer in Mumbai's redevelopment space, Rustomjee has always believed that such projects are not just about infrastructure, but about impact. In partnership with MHADA, we see this as much more than a redevelopment - it is about restoring faith, rebuilding homes and uplifting lives," said Boman Irani, chairman and managing director, Keystone Realtors. About Keystone Realtors Incorporated in 1995, Keystone Realtors is an MMR based real estate developer and a leader in the redevelopment space. The company has a substantial portfolio of projects spanning the Mumbai Metropolitan Region (MMR), with 37 completed projects, 16 ongoing projects, and 26 forthcoming projects that cover all price points, from affordable to super premium. So far, the company has delivered over 26+ million square feet, with a pipeline of over 40+ million square feet in the works. A strategic asset-light approach, an integrated real estate development model, and a strong eye for quality and detail gives the Company's management team an edge over its peers.


Time of India
44 minutes ago
- Time of India
Stock market update: Nifty Bank index falls 0.22% in an upbeat market
NEW DELHI: The Nifty Bank index traded negative around 11:08AM(IST)on Tuesday in an upbeat market. IDFC First Bank Ltd.(up 3.57 per cent), Au Small Finance Bank Ltd.(up 1.36 per cent), Kotak Mahindra Bank Ltd.(up 0.74 per cent) and HDFC Bank Ltd.(up 0.32 per cent) were among the top gainers. Axis Bank Ltd.(down 2.54 per cent), Bank of Baroda(down 1.83 per cent), Canara Bank(down 1.06 per cent), Punjab National Bank(down 0.63 per cent) and ICICI Bank Ltd.(down 0.61 per cent) were the top losers on the index. The Nifty Bank index was down 0.22 per cent at 57187.55 at the time of writing this report. Benchmark NSE Nifty50 index was up 4.3 points at 25521.35, while the BSE Sensex was up 59.46 points at 83665.92. Live Events Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red. Shares of Vodafone Idea, RattanIndia Power, JP Power, IDFC First Bank and NMDC were among the most traded shares on the NSE. Shares of Gabriel India, TN Telecom, Federal Mogul, Innovana Thinklabs and Lloyds Steels(PP)hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Sadhana Nitro, Future Enterprises (DVR), Twentyfirst Cent and Arisinfra Solutions hit fresh 52-week lows in trade.


Economic Times
an hour ago
- Economic Times
Gabriel India share price surges 20%; hits 52-week high
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price