Meghna Infracon Infrastructure's stock surged to Rs. 568.40, a gain of 4.92% or 26.65 points from its previous close of Rs. 541.35 on the BSE. The stock opened at Rs. 532.00, reaching a high of Rs. 568.40 and a low of Rs. 532.00, with 4618 shares traded during the session.

The stock, which belongs to BSE group 'T' with a face value of Rs. 10, hit its 52-week high of Rs. 568.40 on September 5, 2024, after touching a low of Rs. 175.60 in September 2023. Over the past week, the stock's high and low were Rs. 568.40 and Rs. 515.05, respectively. Meghna Infracon Infrastructure currently holds a market cap of Rs. 616.95 crore, with promoters holding 46.92% of the company, while Institutions and Non-Institutions hold 0.80% and 52.28% respectively.

The company's recent stock surge comes on the back of the launch of its new residential project, ‘Manju Villa’, in Goregaon West. This luxury development covers a total area of 30,000 square feet, and after delivering units to the original tenants, the project is expected to generate a revenue of Rs. 37 crore.

The project will be built by ‘Meghna Developers AOP’, a related entity in which Meghna Infracon holds a 90% stake. Meghna Infracon Infrastructure, known for premium real estate in Mumbai, continues to solidify its presence by launching innovative developments and meeting deadlines with precision.