Marathon NextGen Realty stock rises nearly 19% in morning trade on share buy-back & new project proposal

Highlights:

1.  The company on Friday last week announced a meeting for buy-back of its equity shares and new project proposal 

2. Its board meeting will be conducted on March 17, Friday, this week 

3. In the morning trade, the stock of Marathon NextGen Realty rose 18.98% to Rs 266.00 while its previous close was at Rs 223.55 on the BSE

The stock of real estate company Marathon NextGen Realty rose nearly 19% in the morning trade on the BSE on Tuesday after the company last Friday announced a meeting for buy-back of its equity shares and new project proposal.

The company's board meeting will be conducted on March 17, Friday, this week, cited the company in a filing to the BSE on Friday.  

"...a meeting of board of directors of the company is scheduled to be held on Friday, March 17, 2017 at Mumbai to consider the proposal of buy-back of equity shares of the company and new project proposal, among other things," Marathon NextGen Realty said in a filing to the BSE.  

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Marathon NextGen Realty focuses on slum rehabilitation to high-end luxury housing segment.

In the morning trade, the stock of Marathon NextGen Realty rose 18.98% to Rs 266.00 on the BSE while its previous close was at Rs 223.55 on the exchange.

The BSE Realty index was up 2.29% in the afternoon.

See LIVE stock updates of Marathon Nextgen Realty here- 

At 13:24 hours, the stock of Marathon NextGen Realty was trading up 19.17% or Rs 42.85 at Rs 266.40 on the BSE.