Shares of KBC Global Limited saw significant movement on Wednesday, with a rise of up to 5%. The company’s stock reached an intraday high of ₹2.44, hitting an upper circuit limit.
This increase comes after KBC Global announced the successful possession of 12 units from its ongoing projects in October 2024.
The handover of these units is expected to boost the company’s revenue and income. KBC Global is an Indian real estate company involved in building both residential and commercial properties.
Company’s Project Updates
In an official statement, KBC Global mentioned that in October 2024, it successfully completed the possession of 12 units across its various projects. These included:
1) 3 units from Hari Krishna Phase IV in Nashik, Maharashtra.
2)_ 5 units from Hari Kunj Mayflower in Nashik, Maharashtra.
3) 4 units from Hari Sanskruti Phase II in Nashik, Maharashtra.
This brings the total number of units handed over in October 2024 to 12.
Share Price Performance
The share price of KBC Global opened at ₹2.33 on Wednesday, matching its previous day’s closing price. After hitting an upper circuit limit of 5%, the stock price climbed to ₹2.44 per share.
Over the past six months, KBC Global’s share price has risen by more than 25%. Additionally, it has gained over 55% since hitting its 1-year low of ₹1.57 in June 2024.
The share price is now approaching its 1-year high of ₹2.65, which was recorded in January 2024.
Performance of KBC Global Shares
The share price of KBC Global Limited opened at ₹2.33 on Wednesday, which was the same as the closing price on Tuesday. It then hit an upper circuit and rose by 5%, reaching ₹2.44.
Recent Performance: The stock has gained over 25% in the last six months.
1-Year Comparison: Since hitting a low of ₹1.57 in June 2024, the stock has risen by more than 55%. It is now approaching its one-year high of ₹2.65 seen in January 2024.
