Arvind Smartspaces is currently trading at Rs. 86.80, up by 0.70 points or 0.81% from its previous closing of Rs. 86.10 on the BSE.
The scrip opened at Rs. 88.00 and has touched a high and low of Rs. 90.00 and Rs. 84.00 respectively. So far 6675 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 143.80 on 20-Dec-2018 and a 52 week low of Rs. 76.00 on 29-Jul-2019.
Last one week high and low of the scrip stood at Rs. 90.00 and Rs. 79.10 respectively. The current market cap of the company is Rs. 310.38 crore.
The promoters holding in the company stood at 59.40%, while Institutions and Non-Institutions held 5.95% and 34.65% respectively.
Arvind SmartSpaces has entered into strategic partnership with HDFC Capital Affordable Real Estate - a fund managed by HDFC Capital Advisors, a wholly owned subsidiary of HDFC. The partnership will focus on the development of affordable and mid-income housing projects in India while ensuring quality and timely delivery of finished units. The proposed developments will be undertaken by a special purpose vehicle Arvind Homes, wholly owned subsidiary of the Company, set up with an initial investment of Rs 250 crore.
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.
