Arvind SmartSpaces spurts after Quant MF buys stake

7 Sep 2022 , 09:43 AM

As per the bulk deal data on the BSE, Quant Mutual Fund purchased 5 lakh shares, or 1.18% equity, of Arvind SmartSpaces at Rs 228.5 each on Tuesday (6 September 2022). Meanwhile, Kamal Shamlal Singal sold 6 lakh shares, or 1.41% equity, of the company at Rs 228.5 each. As on June 2022, Kamal Shamlal Singal held 6,94,744 shares, or 1.64% stake in the company. Arvind SmartSpaces is Indias corporate real estate development company, with approximately 26 million square feet of real estate development across the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bangalore and Pune. The companys consolidated net profit surged to Rs 7.24 crore in Q1 June 2022 as against Rs 2.50 crore in Q1 June 2021. Sales rose 123.60% to Rs 60.26 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News