Mumbai, January 2 (Udaipur Kiran): Shares of Modis Navnirman Ltd moved higher on Thursday after the company announced that it has secured a major redevelopment project in Mumbai worth approximately ₹250 crore. The stock was trading at ₹346.05, up by ₹8.05 or 2.38 per cent on the BSE.
The scrip opened at ₹349.40 and touched an intraday high of ₹349.40 and a low of ₹345.30. A total of 4 shares were traded during the session. The stock’s 52-week high stands at ₹408.00, recorded on November 14, 2025, while its 52-week low of ₹220.00 was recorded on February 19, 2025. The company’s current market capitalisation is ₹681.68 crore.
Promoters hold a 63.79 per cent stake in the company, while institutional and non-institutional investors hold 12.26 per cent and 23.95 per cent respectively.
Modis Navnirman has secured a redevelopment project for the BOI Staff Sheetal Co-operative Housing Society located at Ramnagar, Borivali (West), Mumbai. The project spans a land parcel of approximately 3,924.91 square metres and carries an estimated gross development value (GDV) of around ₹250 crore.
The redevelopment project aims to create a modern residential complex with upgraded infrastructure, improved safety standards, and enhanced lifestyle amenities for residents. The project aligns with the company’s strategy to strengthen its footprint in Mumbai’s redevelopment segment and expand its real estate portfolio.
Modis Navnirman is engaged in the real estate sector and focuses on delivering customer-centric developments that cater to evolving urban housing needs across various price segments.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
