Max Estates is experiencing a surge in its stock price, currently trading at Rs. 541.05, up by 22.50 points or 4.34% from its previous closing of Rs. 518.55 on the BSE.

- The stock opened at Rs. 530.30 and has reached a high of Rs. 547.65 and a low of Rs. 529.20.
- A total of 5,524 shares have been traded so far.
- The BSE group 'B' stock, with a face value of Rs. 10, hit a 52-week high of Rs. 547.65 on July 16, 2024, and a 52-week low of Rs. 242.80 on November 2, 2023.
- Over the past week, the stock's high and low stood at Rs. 547.65 and Rs. 492.15 respectively.
- The company's current market cap is Rs. 7,923.97 crore.

Promoter holding in the company is at 49.51%, while institutions and non-institutions hold 27.80% and 22.68% respectively.

Max Estates has secured approval to raise funds by issuing various financial instruments, including fully paid-up equity shares, convertible debentures, Global Depository Receipts, American Depository Receipts, and Foreign Currency Convertible Bonds, among others. This approval allows the company to raise up to Rs. 800 crore through multiple tranches and public or private offerings, in compliance with applicable laws and regulations.

The Board of Directors approved this fundraising plan in their meeting on July 15, 2024.

Max Estates is the real estate arm of the Max Group.