The bid project cost is Rs 592.99 crore, while the completion period is 24 months, the company said in a release.
"A new company by the name of Ten X Realty has been incorporated as a step subsidiary of Raymond to carry on real estate business for development of land and properties other than existing properties of the company situated at Thane, Maharashtra," Raymond said.
The Relative Strength Index of the stock stood at 42.46 on Wednesday.
The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under pressure from Beijing after running foul of Chinese authorities by pushing ahead with an initial public offering (IPO) there earlier this year despite being asked to put it on hold while a review of its data practices was conducted.
The stock traded at a P/E multiple of 33.85, while the price-to-book value ratio stood at 5.07.
Promoters held 38.4 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 37.77 per cent and 10.96 per cent, respectively.
A total of 12,400 shares changed hands on the counter till 12:38PM (IST).
The user base of BuyUcoin has grown over 1,400 per cent between January to December 2021. With rapid growth of 843 per cent in 2021, every fourth BuyUcoin user is a female.
With the rupee substantially gaining against the US dollar over the past couple of weeks, traders preferred to avoid fresh bets on the Indian currency on the view that room for further appreciation was limited, given widening trade deficits in the country, dealers said.
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 67814.05 Crore) operating in Auto sector.
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