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11-Jan2019

Arvind SmartSpaces surges on the bourses

Arvind Smartspaces is currently trading at Rs. 125.00, up by 1.75 points or 1.42% from its previous closing of Rs. 123.25 on the BSE.

The scrip opened at Rs. 128.05 and has touched a high and low of Rs. 129.80 and Rs. 124.55 respectively. So far 5264 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.30 on 25-Jan-2018 and a 52 week low of Rs. 100.20 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 129.90 and Rs. 121.40 respectively. The current market cap of the company is Rs. 440.83 crore.

The promoters holding in the company stood at 59.83% while Institutions and Non-Institutions held 6.32% and 33.85% respectively.

Arvind SmartSpaces is planning to invest Rs 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities. The company is launching residential project in Pune next month and the company's first commercial project is in Bengaluru in the next quarter.

Arvind SmartSpaces has projects including residential, commercial and land development projects. The company focuses on creating value added solutions to the lifestyle of the customers.


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