Realty stock engaged in the business of real estate, textiles, trading of shares, and derivatives, jumped 12 percent from the day’s low after it announced the launch of a new commercial project with an investment of Rs. 120 Crores.
At 12:05 p.m. the shares of Hampton Sky Realty Limited were trading at Rs. 50, up 2.02 percent from its previous day’s close of Rs. 49.01 and its market capitalization is Rs. 1,370 Crores.
Hampton Sky Realty has announced to launch a High Street Commercial Project on 12 acres of land having 500k space by 2024-25, with an investment of Rs. 120 Crores. This project is within the Municipal Limits of Ludhiana on NH-5 connecting Ludhiana with Chandigarh.
The project will have all the famous retail Brands in the country and the company estimates to make good profits from the project depending upon the market Forces.
The company’s revenue from operations declined 61.03 percent from Rs. 185.1 Crores in FY22 to Rs. 72.13 Crores in FY23, accompanied by a profit of Rs. 23.79 Crores to a loss of Rs. 0.54 Crore.
It has reported a return on equity (ROE) of 4.72 percent and a return on capital employed (ROCE) of 2.25 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 74.81 percent stake, Domestic Institutional Investors hold 0.00 percent and Foreign Institutional Investors hold 2.31 percent.
Ritesh Properties & Industries Limited also known as Hampton Sky Realty Limited is engaged in the business of real estate, textiles, trading of shares and derivatives.
Written by: Bharath K.S
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