27 May 2025

Hubtown Shares Rise After Receiving Occupation Certificate for Chembur Project

Hubtown is trading at RS. 183.75, marking a gain of 2.00 points or 1.10% from its previous close of RS. 181.75 on the BSE.

The stock opened at RS. 181.15 and touched an intraday high of RS. 184.00 and a low of RS. 180.10. A total of 243 shares have been traded so far.

This BSE group 'B' stock, with a face value of RS. 10, hit a 52-week high of RS. 342.15 on September 30, 2024, and a 52-week low of RS. 116.60 on May 31, 2024. Over the past week, the scrip recorded a high of RS. 195.95 and a low of RS. 178.20. The current market capitalization stands at RS. 2464.54 crore.

Promoters hold 32.09% of the company, while institutional and non-institutional investors hold 4.99% and 62.92% respectively.

Hubtown recently received the Occupation Certificate (OC) for its residential project ‘Hubtown Seasons - Czarnowo’ located in Chembur (East), Mumbai. The project, comprising 54,000 square feet of carpet area (over 97% already sold), was delivered ahead of the committed possession date. This development is part of the larger ‘Hubtown Seasons’ township.

Earlier, two other wings of the same project had also received the OC. Construction is underway on three additional buildings in the project, all of which are expected to be completed by FY 2026.

Hubtown is engaged in the development, sale, and leasing of commercial, residential, retail, and industrial properties.