Latest news with #Hubtown
Mint
3 days ago
- Business
- Mint
Sensex, Nifty 50 fall 1%; mid, small-caps bleed more— 10 key highlights from Indian stock market today
The Indian stock market witnessed an across-the-board selloff on Thursday, June 12, in sync with several of its global peers amid rising geopolitical tension, lingering tariff-related anxieties and growing concerns over the dimming global economic growth outlook. The Sensex closed with a loss of 823 points, or 1 per cent, at 81,691.98, while the Nifty 50 settled 253 points, or 1.01 per cent, lower at 24,888.20. The BSE Midcap and Smallcap indices dropped 1.52 per cent and 1.38 per cent, respectively. The sharp selloff in the Indian stock market made investors lose over ₹ 6 lakh crore in a single session as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 449.5 lakh crore from ₹ 455.6 lakh crore in the previous session. The Indian stock market suffered deep losses amid rising tensions in the Middle East and lingering trade war concerns. Deteriorating outlook of the global economic growth, stretched valuations of the domestic market, and the lack of fresh positive triggers seem to have prompted investors to take money off the table after recent gains. "Consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks. Valuation concerns and rising oil prices—driven by Middle East tensions—are fuelling risk aversion among investors," Vinod Nair, Head of Research, Geojit Investments Limited, observed. "Adding to the uncertainty, the US is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline," Nair added. Only seven stocks- Apollo Hospitals Enterprise (0.96 per cent), Asian Paints (up 0.73 per cent), Bajaj Finserv (up 0.46 per cent), Dr. Reddy's Laboratories (up 0.38 per cent), Tech Mahindra (up 0.37 per cent), Wipro (up 0.05 per cent) and Oil & Natural Gas Corporation (up 0.01 per cent)- ended in the green in the Nifty 50 index. Tata Motors (down 2.98 per cent), Titan Company (down 2.62 per cent) and Trent (down 2.62 per cent) were the top losers in the Nifty pack of stocks. Nifty Realty, Consumer Durables, Oil & Gas, Auto and Metal indices dropped up to 2 per cent. Nifty Bank declined 0.67 per cent, while the PSU Bank index crashed 1.27 per cent and the Private Bank index fell 0.79 per cent. GTL Infrastructure (120.75 crore shares), Vodafone Idea (41.47 crore shares), and RattanIndia Power (24.78 crore shares) were the most active stocks in terms of volume on the NSE. Karma Energy, Hubtown, Zenith Steel Pipes & Industries, Shah Metacorp and KBC Global were among the 10 stocks that rose over 10 per cent on the NSE. Some 92 stocks, including GTL Infrastructure, Hubtown, Suven Life Sciences, Z-Tech (India), Hilton Metal Forging and Revathi Equipment India, hit their upper circuits in intraday trade on the NSE. On the other hand, Kanpur Plastipack, Digitide Solutions and Kernex Microsystems (India) were among the 41 stocks that hit their lower circuits. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
India.com
5 days ago
- Business
- India.com
This company's master plan to change face of Mumbai, its not Mukesh Ambani's Reliance or Gautam Adani's Adani Properties it is…, will build…
Real estate giant Hubtown Limited is working on a master plan to develop a new city on 200 acres of land near Mumbai. Hubtown Limited, a leading real estate company, has revealed its master plan that can change the face of Mumbai and its surrounding areas. The company revealed its presentation for the investors. The presentation revealed the company's ambitious project like 25 Estates, to be developed on 200 acres of land in Khalapur. The company also plans to become debt-free within the next two to two-and-a-half years. According to Hubtown Limited's regulatory filings, the 25 Estates project is designed as a city weekend homes and luxury villas. The company also plans to launch another major project, 25 Vistas across 10 lakh square feet in Thane. Hubtown's current projects are 25 Downtown in Mahalaxmi, which is South Mumbai's largest residential project, and 25 West, a another luxury project in Bandra West. Debt Reduction Plan Hubtown has also made its financial strategy a reduction of over 76% in corporate debt. The company also plans to be entirely debt-free within 24 to 30 months. It plans to complete its ongoing projects spread in 7.1 million square feet and launch new projects from its 23.1 million square feet land. Additionally, the company also plans to generate funds by selling non-core assets. Apart from large and luxury projects, Hubtown is also focusing on compact housing. For example, the Hubtown Harmony project features 3BHK apartments in just 525 square feet, while the Hubtown Celeste project offers 2BHK apartments in just 330 square feet.
Business Standard
23-05-2025
- Business
- Business Standard
Hubtown soars after reporting turnaround Q4 numbers
Hubtown rallied 3.51% to Rs 191.85 after the company reported consolidated net profit of Rs 3.53 crore in Q4 FY25 compared with net loss of Rs 88.6 crore in Q4 FY24. Revenue from operations tanked 8.54% year on year (YoY) to Rs 105.79 crore in the March 2025 quarter. The firm reported profit before tax in Q4 FY25 was at Rs 32.99 crore, compared to a pre-tax loss of Rs 87.55 crore in Q4 FY24. Total expense tanked 61.19% year on year to Rs 107.77 crore during the quarter. Employee benefits expense stood at Rs 6.89 crore (up 37.8% YoY), while other expenses stood at Rs 35.66 crore (down 2.56% YoY) during the period under review. On a full-year basis, the company reported consolidated net profit of Rs 85.38 crore in FY25 compared with net loss of Rs 46.54 crore in FY24. Hubtown is in the business of real estate development.
Business Standard
23-05-2025
- Business
- Business Standard
Hubtown reports consolidated net profit of Rs 3.53 crore in the March 2025 quarter
Sales decline 8.55% to Rs 96.75 crore Net profit of Hubtown reported to Rs 3.53 crore in the quarter ended March 2025 as against net loss of Rs 88.60 crore during the previous quarter ended March 2024. Sales declined 8.55% to Rs 96.75 crore in the quarter ended March 2025 as against Rs 105.79 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 46.54 crore in the year ended March 2025 as against net loss of Rs 85.38 crore during the previous year ended March 2024. Sales rose 58.49% to Rs 408.47 crore in the year ended March 2025 as against Rs 257.72 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 96.75105.79 -9 408.47257.72 58 OPM % 8.73-146.52 - 28.45-39.64 - PBDT 33.64-86.80 LP 99.19-72.26 LP PBT 32.99-87.55 LP 96.52-75.27 LP NP 3.53-88.60 LP 46.54-85.38 LP
