HB Estate Developers soars on planning to extend hotel operations agreement with IHCL

HB Estate Developers is currently trading at Rs. 18.15, up by 0.25 points or 1.40% from its previous closing of Rs. 17.90 on the BSE.

HB Estate Developers
HB Estate Developers

The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 19.25 and Rs. 18.00 respectively. So far 3113 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 24.50 on 11-Apr-2022 and a 52 week low of Rs. 11.06 on 29-Sep-2021.

Last one week high and low of the scrip stood at Rs. 19.25 and Rs. 17.25 respectively. The current market cap of the company is Rs. 36.20 crore.

The promoters holding in the company stood at 69.11%, while Institutions and Non-Institutions held 0.01% and 30.87% respectively.

HB Estate Developers is planning to extend the hotel operations agreement with the Indian Hotels Company (IHCL) relating to company’s Hotel Property at Gurugram, which is managed and operated by IHCL. The meeting of the Board of Directors of the company is scheduled on August 22, 2022 inter alia, to consider and approve the same.

HB Estate Developers is primarily engaged in the development of commercial and residential complexes. The projects undertaken by the company include HB Grandeur and HB Twin Towers..The company also in the business activities of Hotel, Real Estate.

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