Marathon Nextgen Realty gains as shares begin trading on NSE

Marathon Nextgen Realty rose 1.65% to Rs 268 at 10:45 IST on BSE after the company's were listed and admitted to dealings on the National Stock Exchange of India with effect from today, 29 September 2016.

Meanwhile, the S&P BSE Sensex was up 73.04 points, or 0.26% to 28,365.85

On BSE, so far 4,713 shares were traded in the counter as against an average daily volume of 10,383 shares in the past one quarter. The stock hit a high of Rs 279 and a low of Rs 262.35 so far during the day. The stock had hit a 52-week high of Rs 297 on 12 August 2016. The stock had hit 52-week low of Rs 107.10 on 30 September 2015. The stock had underperformed the market over the past 30 days till 28 September 2016, falling 4.87% compared with 0.18% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 20.86% as against Sensex's 4.79% rise.

The small-cap company has equity capital of Rs 28.44 crore. Face value per share is Rs 10.

Shares of Marathon Nextgen Realty had gained 10.06% to settle at Rs 263.65 yesterday, 28 September 2016 after the company said that shares of the company will be listed and admitted to dealings on the National Stock Exchange of India with effect from 29 September 2016. The announcement was made during market hours on 28 September 2016.

Marathon Nextgen Realty's consolidated net profit rose 60.11% to Rs 15.05 crore on 86.61% rise in total income to Rs 24.39 crore in Q1 June 2016 over Q1 June 2015.

Marathon Nextgen Realty is a Mumbai-based company engaged in real estate development business.

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