Arvind SmartSpaces soars on selling entire released inventory for sale in 1st phase of Arvind Orchards
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Arvind Smartspaces is currently trading at Rs. 603.05, up by 35.35 points or 6.23% from its previous closing of Rs. 567.70 on the BSE.
The scrip opened at Rs. 589.45 and has touched a high and low of Rs. 603.10 and Rs. 582.00 respectively. So far 3574 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.75 on 07-Feb-2024 and a 52 week low of Rs. 225.00 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 604.10 and Rs. 545.45 respectively. The current market cap of the company is Rs. 2572.36 crore.
The promoters holding in the company stood at 50.43%, while Institutions and Non-Institutions held 12.14% and 37.42% respectively.
Arvind SmartSpaces has sold out the entire inventory released for sale in the 1st phase of its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, within 7 hours of launch. It consisted of more than 220 units valued at over Rs 160 crore. The project is housed under HDFC Platform 2.
Arvind Orchards, is a one-of-its-kind orchard-themed plotted development nestled in Doddballapur Road, Devenahalli. This would be ASL’s second residential plotted township in Bengaluru with world class infrastructure and amenities. Devanahalli is an established residential plotting micro-market near the Bengaluru International Airport and is home major economic hubs such as Aerospace SEZ and KIADB IT Park. This location enjoys excellent infrastructure connectivity which will be further enhanced by the upcoming Metro. Arvind SmartSpaces entered the Bengaluru market in 2013 and has till date added 11 projects across different micro-markets in the city.
Arvind SmartSpaces is engaged in to the business of Construction and Real Estate.
