On Monday this small-cap stock gains up to 3% after the company added a new project. The stock has delivered 12% returns in 6 months and 29% returns in one year. It has a market capitalisation of Rs. 1,557 Cr making it a small-cap company.
Arvind SmartSpaces Ltd
On Monday the stock opened at Rs. 343.45 and the stock went up to Rs. 353.75, i.e. 3% up from its previous close price of Rs. 343.10 on the BSE. Currently, the stock is trading 0.09% up at Rs. 343.40.
According to the BSE filing, Arvind SmartSpace Ltd has signed a new residential apartment project in Bengaluru, with a total estimated saleable area of ~4.06 lakh sq. ft. and a top line potential of ~Rs. 400 Cr.
The company’s total revenues grew by 11.3% from Rs. 62.03 Cr in Q1 FY23 to Rs. 69.07 Cr in Q1 FY24 and the net profit rose by 23.1% from 7.39 in Q1 FY23 to Rs. 9.10 Cr.
As per the latest shareholding data, Promoters hold 50.43%, FIIs hold 0.69%, DIIs hold 11.49% and the public hold a 37.39% stake in the company.
Arvind SmartSpaces is India’s largest real estate development firm, located in Ahmedabad. With roughly 60 million square feet of real estate development around the country, the company is committed to providing real estate solutions that meet the needs of its customers and it is emerging as a leading corporate real estate player in the country.
Written by Sheshadri N
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