Bengaluru, July 11 -- The shares of this realty-based company are in focus as it received a key approval from RERA for its project in the vibrant city of Gujarat. In this article, we will dive deep into the details.

With a market capitalisation of Rs 540 crores, the shares of Nila Spaces Ltd are currently trading at Rs 13.72 per share, down by 29 percent from its 52-week high of Rs 19.40 per share. Over the past five years, the stock has delivered a multibagger return of 1,009 percent.

Nila Spaces, through a stock exchange filing, announced that the company has received approval from the Gujarat Real Estate Regulatory Authority ("RERA Authority") to launch its project 'PRANA'. The project is to be executed by its subsidiary, Nila Urban...