{"id":119625,"date":"2024-02-22T16:57:45","date_gmt":"2024-02-22T11:27:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119625"},"modified":"2024-02-22T16:57:50","modified_gmt":"2024-02-22T11:27:50","slug":"mahindra-lifespace-stock-jumps-2-2-after-it-made-sales-of-800-cr-in-three-days","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mahindra-lifespace-stock-jumps-2-2-after-it-made-sales-of-800-cr-in-three-days\/","title":{"rendered":"Mahindra Lifespace stock jumps 2.2% after it made sales of \u20b9 800 Cr in three days\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1769543860\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of India\u2019s leading real estate development companies gained 2.2 percent to an intraday high of \u20b9614.95 per share on Thursday after the company achieved \u20b9800 crores in sales in three days after the sale of residential projects in Mumbai.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3034903353\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Thursday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAHLIFE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mahindra Lifespace Developers Ltd. <\/a><\/strong>closed at \u20b9604 a share, up 0.59 percent on the National Stock Exchange, The company has a market capitalization of \u20b99,370 crore.\u00a0<\/p><p>Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, has sold India&#8217;s first Net Zero Waste and Energy residential project, Mahindra Vista, located in Kandivali East, Mumbai. Within just three days of its recent launch, the project garnered an impressive \u20b9800 crore in sales.&nbsp;<\/p><p>The company aims to power all residential projects exclusively with renewable energy, anticipating savings of around 18 lakh kWh through active and passive energy conservation. Additionally, the initiative plans to divert approximately 8 lakh kg of waste from landfills, equivalent to 786 trucks of waste.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1551912058\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The project also includes water conservation measures, like low-flow fixtures, sewage wastewater treatment and reuse, and efficient irrigation systems, with a targeted 53% reduction in water usage from external sources.&nbsp;<\/p><p>The company\u2019s operational revenue has declined by 56 percent year on year from \u20b9187 crores in Q3FY23 to \u20b982 crores in Q3FY24, while net profit increased by 47 percent from \u20b934 crores to \u20b950 crores.&nbsp;<\/p><p>Mahindra Lifespace Developers Ltd. shares gained 15 percent in the last six months and 64 percent in a year.&nbsp;<\/p><p>Mahindra Lifespace Developers Ltd. is engaged in the business of developing real estate, residential facilities, and commercial complexes, and through its subsidiary companies, is involved in various infrastructure projects including the development of SEZs and industrial clusters.&nbsp;<\/p><p>Mahindra Lifespace&#8217;s development portfolio comprises premium residential projects, under the brand name Mahindra Happinest and integrated cities and industrial<\/p><p>clusters under the \u2018Mahindra World City\u2019 and \u2018Origins by Mahindra\u2019 brands, respectively.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1068832604\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2414138719\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of India\u2019s leading real estate development companies gained 2.2 percent to an intraday high of \u20b9614.95 per share on Thursday after the company achieved \u20b9800 crores in sales in three days after the sale of residential projects in Mumbai.&nbsp; On Thursday, the shares of Mahindra Lifespace Developers Ltd. closed at \u20b9604 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[16839,948,936],"class_list":["post-119625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mahindra-lifespace-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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