Shares of Keystone Realtors gained over 2.19% to a day’s high of Rs 732.90 on 11 July after the company announced securing 88 acres of land in Kasara, Thane. 

The company has made a remarkable debut in the plotted development sector through a major land acquisition, reflecting alignment with current market trends and the increasing demand for residential retreats. The total compensation for the land acquisition is Rs 91 crore.

The company acknowledged in an exchange filing that the compensation for the land acquisition will be made gradually. The schedule for the payment has been extended to February 2026 from the date of the deed of conveyance.

On 10 July, the company reported a significant increase in pre-sales for the quarter ending in June. The pre-sales for Q1FY25 surged by 21.71% year-on-year to ₹611 crore, compared to ₹502 crore last year. However, the pre-sales declined by 27.5% quarter-on-quarter from ₹843 crore in Q4FY24.

In terms of collections, the company witnessed a 2% drop in Q1FY25 compared to the same quarter of the previous fiscal year.

On 28 May, the firm announced raising ₹800 crore through a Qualified Institutional Placement (QIP). The fundraising drew a diverse group of notable investors. Quant MF, SBI Life Insurance, and SBI General Insurance each acquired more than 5% of the QIP shares. The QIP also saw participation from prominent international institutions. Domestic institutions, including the Quantum-State Investment Fund, also participated in the QIP issuance.

At 3:00 PM, the shares of Keystone Realtors were trading 0.41% lower at Rs 714.20 on BSE.

Tired of guessing stocks to trade in daily? Unicorn Signals empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Unicorn Signals app today and take control of your investments!