Announced Mon, 24 Aug, 2026 · 23:45 IST
Nitco signs joint development MOU with HOABL for Alibaug land worth Rs 1300-1500 Cr
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹96.36
prior close
₹103.49
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.9+4.1+1.6-0.7+0.2+0.8-0.9-2.7-2.4-0.4-11.4-9.2——
Up moveDown movePending
AI summary
Nitco Limited along with its wholly owned subsidiary Nitco Realties and promoter Vivek Talwar has signed an MOU with HOABL Impactum Land for joint development of land in Alibaug, Raigad. The deal is expected to generate Rs 1,300-1,500 Crore over 5 years. A security deposit of Rs 9 Crore has already been received. HOABL is not a related party. Definitive agreements will be signed after conditions are met.
Likely market impact
Significant value unlock from monetising land assets. Rs 1,300-1,500 Crore over 5 years could materially boost revenue and profits. Positive catalyst.