Bhagyanagar India rises on Hyderabad land sale, development deal

Bhagyanagar India

13/10/2026 07:20

** Shares of Bhagyanagar India BHIL.NS rise 4.93% to 47.85 rupees
** Stock on track for seventh session of gains after company signs agreement with Om Sree Builders and Developers to monetise land in Hyderabad
** Company signs memorandum of understanding for sale and joint development of about 20,081 square yards of land in Uppal, Hyderabad
** Deal includes outright sale of 7,260 square yards of land for 600 million rupees ($6.30 million)
** Remaining 12,821 square yards to be jointly developed, with company receiving 30% of saleable area, equivalent to about 300,000 square feet of developed space
** YTD, stock has more than tripled in value, up 250%


($1 = 95.2750 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)
 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))