The company's latest project, situated on Bangalore's Hosur Main Road, will comprise 262 residential units and will contribute to profitability over 36 months.
Ashwini Kumar, enforcement directorate and chief operating officer, Nitesh Estates says the company has launched a new residential project in Bangalore that will earn the company a revenue of Rs 170 crore and a profit after tax of Rs 24 crore over the next three years.
The company's latest project, situated on Bangalore's Hosur Main Road, will comprise 262 residential units and will contribute to the company's profitability over 36 months.
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Nitesh Estates stock price
On August 28, 2014, at 14:15 hrs Nitesh Estates was quoting at Rs 14.62, up Rs 1.06, or 7.82 percent. The 52-week high of the share was Rs 18.70 and the 52-week low was Rs 9.60.
The company's trailing 12-month (TTM) EPS was at Rs 0.64 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 22.84. The latest book value of the company is Rs 29.80 per share. At current value, the price-to-book value of the company is 0.49.
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