What is the Share Price of Nexus Select Trust?
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The share price of Nexus Select Trust for NSE is ₹ 128.8 and for BSE is ₹ 129.
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As of the latest trading session, NEXUS SELECT TRUST share price is currently at ₹ 128.8, which is up by ₹ 0.08 from its previous closing. Today, the stock has fluctuated between ₹ 128.57 and ₹ 130.40. Over the past year, NEXUS SELECT TRUST has achieved a return of -2.84 %. In the last month alone, the return has been -1.83 %. Read More...
Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
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Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
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Nexus Select Trust was registered on August 10, 2022 as an irrecoverable trust in the Republic of India at Mumbai, Maharashtra and as a real estate investment trust on September 15, 2022 under the Securities and Exchange Board of India. Axis Trustee Services Limited is the Trustee of the Nexus Select Trust. Nexus Select Mall Management Private Limited has been appointed as the manager to the Trustee. The Trustee is a wholly owned subsidiary of Axis Bank Limited.
Sponsored by Wynford Investments Limited, an affiliate of Blackstone Incorporation, Nexus Select Trust (NXST) is India's first retail REIT and a leading urban consumption centre platform that owns and operates high-quality shopping malls and other retail properties in India. The Sponsor is a portfolio company of Blackstone real estate funds, which is sponsored by global investment firm, Blackstone with US$975 billion of Assets Under Management as of December 31, 2022, across multiple alternate asset classes including real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets and secondary funds, all on a global basis. The Trust is the owner of India's leading consumption centre platform of high-quality assets that serve as essential consumption infrastructure for India's growing middle class. The hospitality business includes two assets - Hyatt Regency, Chandigarh with 211 keys and Oakwood Residence, Bengaluru with 143 keys.
The Trust has a portfolio comprising of 17 operational shopping malls across 14 major cities, covering a 9.8 million square feet area. Additionally, it operates two hotels with 354 keys and office spaces as part of mixed-use development. The Portfolio offers an attractive opportunity to capitalize on India's consumption growth through a robust business model and diversified asset base that can serve as a natural hedge against inflation. Some of its prominent properties include Select Citywalk in Delhi, Nexus Seawoods in Navi Mumbai, Nexus Koramangala in Bengaluru, Nexus Elante in Chandigarh, and Nexus Ahmedabad One in Ahmedabad. A majority of the Portfolio assets are market leaders in their respective sub-markets and serve as shopping, entertainment and social destinations for their respective catchments.
The Trust owns two complementary hotel assets, and three office assets of 1.3 million square feet as of December 31, 2022. It has a diversified tenant base of over 1,044 national and international brands across around 2893 stores. Some of its leading tenants are Apple, Zara, ALDO; H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others. It increases the value of its properties by investing in renovation, expansion and tenant mix optimization.
The assets provide a holistic shopping, dining and entertainment experience. Its high quality and diversified asset base makes the customer the partner of choice for domestic and international brands in India. The Trust has proactively curated a diverse mix of tenants across different categories including hypermarket, apparel and accessories, entertainment and F&B to establish our centres as shopping and entertainment destinations in their respective sub-markets.
In May 2023, the Trust came up with an Initial Public Offering of 320,000,000 Units for cash at a price of Rs 100 per Unit by raising funds aggregating to Rs 3200 Crore comprising a Fresh Issue of 140,000,000 Units aggregating to Rs 1400 Crore and an Offer for Sale of 180,000,000 Units aggregating to Rs. 1800 Crore.
In 2024, the Trust launched a 4.2 MW Hybrid Plant in Gujarat, meeting 80% of Nexus Ahmedabad One's energy needs with renewables, cutting CO2 emissions by about 6.7K tonnes annually. A new product in the name of 'Nexus Quest LMS' was launched in 2024.
The share price of Nexus Select Trust for NSE is ₹ 128.8 and for BSE is ₹ 129.
The market cap of Nexus Select Trust for NSE is ₹ 1,95,14.70 Cr. and for BSE is ₹ 0.0 Cr. as of now.
The 52 Week High and Low of Nexus Select Trust for NSE is ₹ 154.85 and ₹ 120.00 and for BSE is ₹ 156.00 and ₹ 120.46.
You can trade in Nexus Select Trust shares with Bajaj Broking by opening a Demat Account.
The 1 year returns on the stock has been -2.07%.
Nexus Select Trust share price is for NSE ₹ 128.8 & for BSE ₹ 129 as on Apr 25 2025 03:29 PM.
The market cap of Nexus Select Trust for NSE ₹ 1,95,14.70 & for BSE ₹ 0.0 as on Apr 25 2025 03:29 PM.
As on Apr 25 2025 03:29 PM the price-to-earnings (PE) ratio for Nexus Select Trust share is 18.38.
As on Apr 25 2025 03:29 PM, the price-to-book (PB) ratio for Nexus Select Trust share is 100.00.
You can trade in Nexus Select Trust shares with Bajaj Broking by opening a demat account.
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