BSE Sensex was trading 260.78 points, or 0.45 per cent, higher at 58,335.46, while NSE’s Nifty50 jumped 96.90 points, or 0.57 per cent, to 17,204.40 at 9.20 am.

Sensex, Nifty open higher; Ashiana Housing jumps 15%; Sobha drops 5%

Ashiana Housing’s share price rose by 14 percent on Wednesday after exceeding its annual booking value guidance of Rs 1,100 crore and achieving a total booking value of Rs 1,279 crore. The company has also received 351 EOIs for phase 2 of ‘Ashiana Amarah’.

Annual bookings at Ashiana Housing surpass Rs 1,100 cr, shares soar 14%

Stocks to keep an eye out for: Tata Consumer, Info Edge, SJVN, Sintex Plastics, Cochin Shipyard, Welspun Corp, Automotive Stampings, Seamec, Bliss GVS, RVNL, Navin Fluorine, Havells India, SKF, Godawari Power, Ashiana Housing, Eiko Lifesciences

Stocks that will see action on March 20, 2023

- 18 villas with saleable area of 44,910 sq. ft. and sale value of Rs. 25.69 crores; and - 47 flats with saleable area of 62,274 sq. ft. and sale value of Rs. 26.67 crores

Ashiana Housing update on sales of its project ‘Ashiana Advik’ at Bhiwadi

Ashiana Housing enters into development agreement for housing project in Jaipur

Ashiana Housing rose 2.48% to Rs 149 after the company entered into an agreement to develop a group housing project with approximate saleable area of 4.00 lakh sq. ft at Murlipura in Jaipur, Rajasthan.

Ashiana Housing gains on inking pact group housing project in Jaipur

Total acquisition of land alongwith the land as stated above, now stands at 17.90 acres.

Ashiana Housing acquires additional 2.26 acres land in Mahindra World City at Chennai

Real estate development company Ashiana Housing has purchased 2.26 acres of land from Mahindra Lifespaces in Chennai to develop a senior living project.

Ashiana Housing buys 2.26 acres of land from Mahindra Lifespaces in Chennai for senior living project

Ashiana Housing updates on Phase 1 of Ashiana Amarah; Stock zooms near 7%

The project, spread over 16.9 acres of land, will have a total of 910 housing units. The first phase of the project will have 192 units, Ashiana Housing said in a statement.

Ashiana Housing to invest Rs 92 crore to build senior living housing project in Bhiwadi

The company has launched total 220 units in Phase 1 of the project ’Ashiana Malhar.

Ashiana Housing receives 59 bookings in Phase I of ‘Ashiana Malhar’

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ashiana Housing Limited is engaged in real estate activities with own or leased property. The Company operates through the Real Estate Business segment.