Stocks to Watch, 08 Sept: Stocks like Adani Power, SpiceJet, Jaiprakash Associates, Zydus Lifesciences, Aurobindo Pharma, BHEL, HFCL, Ceigall India, ACME Solar Holdings, Prime Focus, Time Technoplast, Exxaro Tiles, and NTPC Green Energy will be in focus on September 08.
Max Estates held an optimistic outlook for the ongoing FY26, planning to deliver pre-sales in the range of Rs 6,000-6,500 crore.
Max Estates COO Rishi Raj said the company is confident of adding 'at least 3 million sq. ft. every year' to the current portfolio, and diversifying in Delhi NCR across commercial and residential assets.
With this successful launch, Max Estates has revised the guidance for the total Gross Development Value potential of this project to Rs 4,800 crore in FY25.
After opening on a weak footing, the selloff in the market accelerated during the last hour of trading, with the Sensex plunging over 1,200 points and Nifty dropping below the key 26,000 level, signaling heightened investor caution.
The Noida-based real estate developer plans to raise up to Rs 800 crore via QIP at an issue price of Rs 597.50 per share, sources told CNBC-Awaaz
The 'Delhi One' project adds 2.6 million sqaure feet of development potential to the portfolio of Max Estates.
The real estate arm of the Max group signed binding agreements for the development of a group housing residential property on 18.23 acres of land, with around 4 million square feet of development area
Max Estates Share Price | NYL will acquire 49 percent stakes in two SPVs, while rest will be hold by the company, after the transactions are concluded.
Max Estates stock has given a return of 6.87 percent over the last six months. The benchmark Nifty50 index has given a return of 8.43 percent over the same duration.
The merger means that all the assets and liabilities of Max Ventures and Industries will vest with Max Estates
Sahil Vachani says the launch of the residential project is likely in the first half of this calendar year. The Gurugram residential launch will take place early in the calendar year 2024. He says the SVB collapse will have no significant impact on the Indian real-estate space.
The company plans to launch a premium luxury project comprising 250 units in Noida in July this year, and an inter-generational complex in Gurugram next year.