Country Two big investors Rakesh Jhunjhunwala and D-Mart founder Radhakishan Damani have invested in the shares of Prozone Intu Properties.
Prozone Into Properties
The shares of Mumbai’s realty company Prozone Intu Properties have been seeing a continuous upper circuit for the last one week. The stock of the company has increased almost 100% in just 7 days. Two big investors of the country have also invested money in the shares of Prozone Intu Properties. Experts have also advised to invest in it. On Thursday, the stock reached an all-time high of Rs 40.25 on the BSE.
Let us tell you that two big investors Rakesh Jhunjhunwala and D-Mart founder Radhakishan Damani have invested in the shares of Prozone Intu Properties. In this, Jhunjhunwala holds 2.06 percent or 31,50,000 shares, while Damani holds 1.26 percent or 19,25,000 shares of the company.
100% return given in 7 days
Shares of Prozone Intu Properties have given almost 100% return in just 7 trading sessions. On May 26, the share price was Rs 20.4, which has increased almost 100 percent to Rs 40.25 today. On Thursday, there is an upper circuit of 5 percent in the stock.
The company’s market cap has also doubled due to the rapid rise in the stock. The market cap of the company was Rs 302.92 crore at the share price of 26 May. Now it has increased to Rs 614.23 crore.
about the company
Prozone Intu Properties is a debt free company i.e. there is no debt on it. Its total assets are more than 2000 crores. The company has shopping centers in Aurangabad and Coimbatore and plans to open shopping centers in Nagpur and Mumbai in future.
The company’s loss increased to Rs 45 crore in the December 2020 quarter. The company’s loss in the same quarter last year was Rs 2.7 crore. At the same time, the total income fell by 73 percent to Rs 17.93 crore. The company’s total income in the same quarter last year was Rs 67.27 crore.
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