Arihant Foundations gains on acquiring two prime land parcels in CBD, Chennai
Arihant Foundations & Housing is currently trading at Rs. 1080.00, up by 17.70 points or 1.67% from its previous closing of Rs. 1062.30 on the BSE.
The scrip opened at Rs. 1115.40 and has touched a high and low of Rs. 1115.40 and Rs. 1070.00 respectively. So far 1517 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1513.40 on 16-Jun-2025 and a 52 week low of Rs. 590.90 on 27-Nov-2024.
Last one week high and low of the scrip stood at Rs. 1120.00 and Rs. 1032.05 respectively. The current market cap of the company is Rs. 1094.18 crore.
The promoters holding in the company stood at 37.29%, while Institutions and Non-Institutions held 1.84% and 60.87% respectively.
Arihant Foundations & Housing has acquired two premium land parcels in the Central Business District (CBD). Together, these acquisitions represent an estimated Gross Development Value (GDV) of Rs 500 crore. Strategically located in Chennai’s most sought-after CBD micro-markets, the two projects underscore the company’s continued focus on premium real estate development.
The first project, situated near Boat Club - one of Chennai’s most prestigious addresses - is planned as a high-end office development catering to discerning corporate occupiers. The second, located in Kilpauk, will comprise luxury residential apartments offering contemporary design, superior specifications, and world-class amenities. Together, these developments reinforce the company’s positioning in the city’s premium segment and its commitment to creating landmark assets that combine design excellence with exceptional connectivity.
Arihant Foundations and Housing caters to building segments such as villas, apartments, IT parks, hotels, shopping malls, multiplexes, developed plots and commercial buildings. It has a great ability to serve a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.
