Eldeco Housing & Industries edges higher on incorporating wholly owned subsidiary

Eldeco Housing & Industries is currently trading at Rs. 534.00, up by 0.50 points or 0.09% from its previous closing of Rs. 533.50 on the BSE.

Eldeco Housing Industries
Eldeco Housing Industries

The scrip opened at Rs. 547.70 and has touched a high and low of Rs. 549.05 and Rs. 525.00 respectively.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 976.80 on 11-Jan-2022 and a 52 week low of Rs. 498.35 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 576.75 and Rs. 525.00 respectively. The current market cap of the company is Rs. 533.93 crore.

The promoters holding in the company stood at 54.83%, while Institutions and Non-Institutions held 0.02% and 45.16% respectively.

Eldeco Housing & Industries has incorporated wholly owned subsidiary namely ‘Inception Buildtech’ on July 13, 2022. The company has subscribed 10,000 equity shares of Inception Buildtech at the face value of Rs 10 each at a total consideration of Rs 1 lakh. The company has incorporated wholly owned subsidiary to carry out real estate activities.

Eldeco Housing & Industries has a presence in all the major real estate classes – multi-storey group housing, residential townships, shopping malls, industrial parks, SEZs, office buildings and hotels.

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