Anant Raj Industries is trading higher by 9% to Rs 83.50 ahead of launching of two projects in North India during current month.
“The company is launching two more projects which include 10 acre resort at Dhumaspur in Gurgaon, with a developable area of 6.5 lac square feet and 75 acre industrial township at Manesar, Haryana around the month of October,” Anant Raj Industries said in annual report.
Meanwhile, the stock has rallied over 55% in past six trading sessions from Rs 54.15 after the real estate company has disinvested its entire shareholding of its arm Aakarshak Realators Private Limited, for a total consideration of Rs 28.56 crore.
The stock opened at Rs 77.95 and hit a high of Rs 84.40 on the NSE. A combined around six million shares have changed hands on the counter on both the exchanges.