Shares of Prozone Intu Properties Ltd hit the upper circuit in two consecutive trading sessions. It is locked at ₹24.65 apiece today.
Ace investor Rakesh Jhunjhunwala holds 31,50,000 shares of the company and his holdings amount to ₹7.8 crores as per filing data related to the December quarter. Filing data related to his investment in the company for the period ending March 31, 2022, is awaited.
In the past 5 days, its share price has risen by 12.05%. Therefore, if an investor would have invested ₹ 1,00,000 in these shares 5 days ago, the value of their holdings would be ₹1,12,050 today. Until December 2021 he has a consistent stake of 2.1% in the company.
At the beginning of the last financial year, the shares of the company were trading at ₹16.90 apiece and its share price reached ₹56.35 in Mid June of 2021. Later, it gradually decreased to ₹21 per shares levels and its share price has been increasing since then.
The company’s net sales increased by 81.93% from ₹ 14.56 crores in December 2020 to ₹26.49 crores in December 2021. Its net loss during the same period decreased by 80.06%, from 6.64 crores in December 2020 to ₹1.32 crores in December 2021.
Prozone Intu Properties Ltd was incorporated in 2007. It is a residential mixed-use and focused retail led real estate development company that is engaged in the business of developing, owning and operating shopping malls, and commercial and residential premises and provides related management consultancy services. Some of its brand partners, especially in the Tier II and Tier III cities include Big Bazar, Max, Reliance Digital, Adidas, KFC, Trends, Lifestyle, Bata and so on.
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