Mahindra Lifespace Developers, the real estate and infrastructure development arm of Mahindra Group, witnessed a rise in share price on Wednesday after the company has acquired a land parcel in Palghar district in the state of Maharashtra admeasuring 85,000 square meters for residential development.

Shares of the company are trading at Rs 480.80, up Rs 5.65, or 1.19% at the Bombay Stock Exchange (BSE) on Wednesday at 10:21 a.m.

Total volume of shares traded on the bourses today was lower by 91.04% to 1,968 compared with 22-day average volume of 21,954.