Hubtown's stock surged 2.07% to trade at ₹288.65 on the BSE, up by ₹5.85 from its previous close of ₹282.80. The stock opened at ₹274.00, reaching an intraday high of ₹288.80 and a low of ₹274.00, with 2,288 shares changing hands during the session.

The BSE 'T' group stock, with a face value of ₹10, recorded its 52-week high at ₹342.15 on September 30, 2024, and a 52-week low at ₹77.60 on December 28, 2023. Over the last week, the stock traded between ₹294.75 and ₹274.00. The company currently holds a market capitalization of ₹3,735.65 crore. Shareholding patterns show promoters own 28.81%, while institutional and non-institutional investors hold 6.75% and 64.44%, respectively.

The rally follows an announcement that Hubtown’s subsidiary, Rare Townships, has signed a Development Management Agreement with Gopani Realty LLP. The agreement pertains to Wing A-6 of the "Rising City" project in Ghatkopar, Mumbai. Gopani Realty will finance the construction of Wing A-6, enabling quicker project completion.

Meanwhile, Wings A1 to A5 are being developed by Hubtown with funding secured from SBI Ventures’ SWAMIH Fund in April 2024. This funding ensures the financial closure of Phase I (Buildings A1-A6) of the Rising City project, with delivery scheduled to begin in FY2026.

Hubtown specializes in developing, selling, and leasing residential, commercial, retail, and industrial properties. Its diverse portfolio includes residential complexes, IT parks, SEZs, SRAs, biotech parks, and more.