This Ahmedabad-based Infrastructure stock is in focus after hitting 20 percent upper circuit following the announcement of a redevelopment project worth Rs. 250 Crores in Gujarat.
Share Price Movement
With a market capitalization of Rs. 22 Crore, the stock of Yash Innoventures opened at Rs. 31, up 13.46 percent from yesterday’s close, and after opening, it made a high of Rs. 32.78, which is also the 20 percent upper circuit mark. Additionally, the Yearly return for the stock is 46 percent, and the past 5-year return is an impressive 303 percent.
Project Update
Following a bid, the company has launched a redevelopment project of Residential apartments located at Shahibaugh opposite Circuit House, Ahmedabad, Gujarat. The total project value is estimated to be approximately Rs. 250 Crores.
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Business Highlights
The company has completed over 50 projects and has 1,200 residential clients and 1,300 corporate clients. They operate in both residential and commercial projects. The names of some of the commercial projects are Yash Anant, Yash Aqua, Shivalik Yash, and Y.S.L Avenue. The residential and commercial mix project names are Yash Pinnacle and Yash Arian
About the Company
Yash Innoventures Limited, formerly known as Redex Protech Limited, is an Indian company established in 1991 and headquartered in Ahmedabad, Gujarat. The company operates in sectors such as construction, infrastructure development, fire safety equipment manufacturing, and real estate. Their diverse portfolio includes plotting projects, residential complexes, commercial spaces, and industrial developments.
Written By Abhishek Das
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