Vipul climbs 15.3%; receives green nod for Gurgaon project Aarohan

India Infoline News Service | Mumbai | September 19, 201616:16 IST

The company has received Environmental Clearance from State Environment Impact Assessment Authority, Haryana for its project ‘Aarohan’ on Golf Course Road in Gurgaon.

Vipul Ltd climbed 15.3% to Rs.86.25. The company has received Environmental Clearance from State Environment Impact Assessment Authority, Haryana for its project ‘Aarohan’ on Golf Course Road in Gurgaon. By June 2016, the company had already sold more than 26 per cent of flats in Phase 1 of the project. Further, the company had raised debt from DMI Finance (DMI) to the tune of Rs.175 crore.

The scrip opened at Rs. 78 and has touched a high and low of Rs. 89.75 and Rs. 78 respectively. So far 1731978 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 897.48 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.3 on 16-Sep-2016 and a 52 week low of Rs. 40 on 22-Mar-2016. Last one week high and low of the scrip stood at Rs. 79.3 and Rs. 69.6 respectively.

The promoters holding in the company stood at 63.38 % while Institutions and Non-Institutions held 0 % and 36.62 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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