Shares of Ashiana Housing rallied as much as 10 per cent to Rs 184.50 as ICICI Prudential Mutual Fund had yesterday bought 22,59,790 shares of Ashiana on the NSE. However, Jwalamukhi Investment Holdings sold 26,42,587 shares.
Following a strong open at Rs 174 against the previous close of Rs 167.70, the scrip touched an intraday high of Rs 184.50 and a low of Rs 166. The shares closed higher by 7.87 per cent at Rs 180.90. In terms of equity volume, 92,36,782 shares exchanged hands in the evening trade. The share touched its 52-week high Rs 249.15 on April 3, 2017 and a 52-week low Rs 130.60 on December 26, 2016.
Ashiana Housing is a real estate development company established in 1979 with its head office in New Delhi. It is a mid-income housing developer with primary focus on senior living and care homes for the elderly. In recent times, the company has expanded its reach from group housing to facility management, retail and hotels, as well as maintenance and resale of property after possession.