Ansal Properties surges on plan to develop a 75-acre IT SEZ in Greater Noida

Ansal Properties & Infrastructure is currently trading at Rs. 22.90, up by 0.55 points or 2.46% from its previous closing of Rs. 22.35 on the BSE. The scrip opened at Rs. 23.20 and has touched a high and low of Rs. 23.90 and Rs. 22.70 respectively. So far 10195 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 27.00 on 21-May-2013 and a 52 week low of Rs. 12.20 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 23.90 and Rs. 21.05 respectively. The current market cap of the company is Rs. 360.46 crore. The promoters holding in the company stood at 48.59% while Institutions and Non-Institutions held 18.27% and 33.14% respectively. Ansal Properties and Infrastructure is planning to develop a 75-acre IT special economic zone (SEZ) in Greater Noida. In this regard, the company will invest around Rs 130 crore over the next three years on construction. The company also plans to invest another Rs 130 crore over next three years along with its co-developer on further development of 8 lakh sq ft, taking the total built-up area to 10 lakh sq ft by 2016-17. Ansal Properties & Infrastructure’s business activities include property development for commercial, housing, retail, hospitality, IT SEZ, IT parks and industrial parks.