19 Jul 2024

Hampton Sky Realty Gains Approval for New Subsidiaries, Shares Rise

Hampton Sky Realty's stock is currently trading at Rs. 30.80, marking an increase of 0.57 points or 1.89% from its previous close of Rs. 30.23 on the BSE.

The stock opened at Rs. 31.00 and fluctuated between a high of Rs. 32.95 and a low of Rs. 30.25 during the day. A total of 394,705 shares have been traded so far.

This BSE group 'B' stock, with a face value of Rs. 1, reached a 52-week high of Rs. 59.00 on November 17, 2023, and a 52-week low of Rs. 26.08 on June 4, 2024. Over the past week, the stock's high and low were Rs. 32.95 and Rs. 30.00, respectively. The company's market capitalization stands at Rs. 841.58 crore.

Promoters hold 74.89% of the company's shares, while institutions and non-institutions hold 3.60% and 21.51%, respectively.

Hampton Sky Realty has received approval to establish two wholly owned subsidiaries, 'Hampton Sky Hotels' and 'Hampton Sky Hospitality', which will operate in the hotels and hospitality services sector. Additionally, the company has been authorized to invest in a joint venture, 'Hampton Sky Farms', by subscribing to 33.34% of its share capital. This new entity will focus on real estate operations, particularly the construction, acquisition, leasing, and sale of farmhouses.

These decisions were approved by the Board of Directors at a meeting on July 18, 2024.

Formerly known as Ritesh Properties and Industries, Hampton Sky Realty is an India-based company involved in real estate, textiles, and trading in shares and derivatives.