Valor Estate, earlier known as DB Realty, shares fell 2 percent in the opening trade on October 14 despite the company bagged a project from Municipal Corporation of Greater Mumbai (MCGM).
At 09:38am, Valor Estate was quoting at Rs 198.00, down Rs 4.10, or 2.03 percent, on the BSE.
The company has received a Letter of Acceptance from the Municipal Corporation of Greater Mumbai (MCGM) for construction, completion and handing over of about 13,374 affordable housing tenements under the project-affected persons (PAP) scheme on the company’s land situated at Malad East, Mumbai.
The order contract is to be executed within 60 months from the issuance of the Commencement Certificate (CC).
Catch all the market action on our live blog
The share touched a 52-week high of Rs 284.95 and a 52-week low of Rs 135.65 on 09 February, 2024 and 25 October, 2023, respectively.
Currently, the stock is trading 29.08 percent below its 52-week high and 48.99 percent above its 52-week low.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
