Newtime Infrastructure Limited: There is good news for the shareholders of Newtime Infrastructure Limited. The company is going to give bonus shares to its eligible investors. Newtime Infrastructure Limited had recently announced bonus shares in the ratio of 2:1 and now the record date has also been fixed for it. The board of Newtime has fixed May 21 as the record date for the bonus shares. Let us tell you that the shares of the company are currently at Rs 51.76 on BSE.
Newtime Infrastructure Limited Shares Status
The last trading price of Newtime Infrastructure Limited shares on BSE is Rs 51.76 per share. Shares of Newtime Infrastructure have given a return of 184% in the last 6 months. At the same time, it increased by 369% in the last 1 year. The stock’s 52-week high is Rs 55.39 while its 52-week low is Rs 8.77. Its market cap is Rs 904.12 crore.
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Know other details
Newtime Infrastructure was earlier active in the information technology business under the name Intra Infotech Limited and then seeing the huge growth in this sector, it changed its name and main objective to infrastructure business. Now it is active in real estate on a large scale. Presence and operations in India span across all major segments of the Indian real estate industry, namely residential, commercial and retail sectors. The company’s operations include various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution.
increased confidence of foreign investors
FIIs had bought 50,00,000 shares in March 2024 and increased their stake to 2.89 per cent in December 2023 compared to 0.03 per cent.
