{"id":132143,"date":"2024-08-28T13:52:09","date_gmt":"2024-08-28T08:22:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132143"},"modified":"2024-08-28T14:26:27","modified_gmt":"2024-08-28T08:56:27","slug":"smallcap-stock-jumps-8-after-signing-deal-with-nyati-group-for-business-expansion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-8-after-signing-deal-with-nyati-group-for-business-expansion\/","title":{"rendered":"Smallcap stock jumps 8% after signing deal with Nyati Group for business expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-529607459\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this smallcap company gained up to 8 percent after the company signed the largest managed aggregation deal of 3 lakh Sq. Ft with Nyati Group.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3852771468\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 5,441.81 crore, the shares of <strong>Awfis Space Solutions Ltd <\/strong>were trading at Rs 783.00 per share, increasing around 0.47 percent as compared to the previous closing price of Rs 766.90 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason For Rise:-&nbsp;<\/strong><\/h2><p>According to the exchange filing, Awfis Space Solutions Ltd has teamed with Nyati Group for an additional 3 lakh square feet of Grade-A workspace. This partnership is the largest under the Managed Aggregation (MA) Model, increasing our current MA model portfolio and considerably expanding Awfis&#8217; footprint in Pune.&nbsp;<\/p><p>Furthermore, as part of this agreement, Awfis will provide premium flexible workspaces in Nyati Group&#8217;s major commercial buildings, Nyati Empress in Viman Nagar and Nyati Enthral in Kharadi. This successful partnership will result in 1,67,206 square feet of extremely desirable office space in these two strong commercial areas.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-181046335\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial performance:-&nbsp;<\/strong><\/h2><p>Looking forward to a company&#8217;s financial performance, revenue zoomed by 37 percent from Rs 187.70 crore in Q1FY24 to Rs 257.74 crore in Q1FY25, during the same time frame, the company\u2019s net profit jumped by 133 percent from a loss of Rs 8.31 crore to a profit of Rs 2.79 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Prominent Investor:-&nbsp;<\/strong><\/h2><p>Ace investor Ashish Kacholia holds 33,51,321 shares, i.e. equivalent to 4.83 percent of the company as of June 2024.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Footprint &amp; expansion goal:-&nbsp;<\/strong><\/h2><p>Awfis Space Solutions is the largest flexible workspace solutions company with a presence in 52 micro markets across 16 cities in India. It had 169 centers with 105,258 total seats and a total chargeable area of 5.33 million square feet (msft).&nbsp;<\/p><p>The firm now operates in nine Tier 1 and seven Tier 2 cities, with aspirations to grow into high-demand micro-markets inside Tier 1 cities. It also plans to penetrate additional Tier 2 cities including Lucknow, Guwahati, and Vijayawada. It also plans to renovate workplaces in top micro-markets in Tier 1 cities.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company&#8217;s Profile:-<\/strong><\/h2><p>Awfis Space options offer a wide range of flexible workspace options, from individual flexible desk needs to customized office spaces for startups, small and medium-sized businesses, major organizations, and multinational corporations.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-2346743992\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2179666526\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this smallcap company gained up to 8 percent after the company signed the largest managed aggregation deal of 3 lakh Sq. Ft with Nyati Group.&nbsp; With a market capitalization of Rs 5,441.81 crore, the shares of Awfis Space Solutions Ltd were trading at Rs 783.00 per share, increasing around 0.47 percent as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":74606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-132143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock jumps 8% after signing deal with Nyati Group for business expansion - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this smallcap company gained up to 8 percent after the company signed the largest managed aggregation deal of 3 lakh Sq. 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