SYNOPSIS:
shares of Ganesh Housing jumped after Ahmedabad was selected to host the 2030 Commonwealth Games. With a 500-acre land bank, the company expects stronger demand and infrastructure-led opportunities across key real estate markets.
During Thursday’s trading session, shares of a company involved in the real estate development in the residential & commercial segment and infrastructure projects surged nearly 12 percent on the stock exchanges. What triggered this significant jump? Let’s explore the details in this article.
With a market cap of Rs. 7,131 crores, shares of Ganesh Housing Limited closed in the green at Rs. 855.2 on BSE, up by around 7 percent, as against its previous closing price of Rs. 802.4. The stock has delivered negative returns of more than 31 percent in one year, but has gained by nearly 2 percent in the last one month.
What’s the News
Shares of Ganesh Housing Limited surged nearly 12 percent on the stock exchanges during Thursday’s trading session. This rally came following the announcement that Ahmedabad has been officially selected to host the 2030 Commonwealth Games.
In its recent investor presentation, Ganesh Housing noted that Ahmedabad’s selection as the 2030 Commonwealth Games host venue is expected to enhance infrastructure development and strengthen overall investor sentiment. The company can stand to benefit from this development, given its strategic presence in high-growth real estate across the city.
Ganesh Housing also stated that it holds one of the largest developable land banks in Ahmedabad, comprising around 500 acres across prominent and emerging locations. This translates into a developable potential of 36-40 million square feet, enabling the company to quickly launch projects in response to favourable market conditions without the need for incremental land acquisition.
The 2030 Commonwealth Games are expected to catalyse one of the most significant infrastructure and real estate expansion cycles the city has witnessed. Major sporting events typically spur accelerated construction activity, expansion of hospitality infrastructure, and broader urban development, while creating long-term demand across residential, commercial, and retail real estate segments.
Financials & More
Ganesh Housing reported a decline in revenue from operations, experiencing a year-on-year decrease of around 26 percent, from Rs. 237 crores in Q2 FY25 to Rs. 174 crores in Q2 FY26. Likewise, the company’s net profit decreased during the same period, from Rs. 158 crores to Rs. 108 crores, reflecting a fall of nearly 32 percent YoY.
Ganesh Housing Limited, formerly known as Ganesh Housing Corporation Limited, is mainly engaged in the business of real estate promotion and development in residential and commercial segments and infrastructure projects.
The company recently added One 91 Thaltej, a premium commercial project with a saleable area of 1.8 million square feet, to its development pipeline. The project is currently in the planning approval stage, with construction expected to begin in H2 FY26.
In terms of ongoing developments, Malabar Retreat is progressing steadily and has reached 57 percent completion. Meanwhile, Million Mind Tech Park – Phase 1 is 94 percent complete, with fit-out work scheduled to commence soon.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
