Arvind SmartSpaces jumps after Bengaluru project tops ₹500 crore
In short
Arvind SmartSpaces shares jumped 10.58% to Rs 650 after the company said its Bengaluru project, Arvind Sylva, booked more than Rs 500 crore in 30 days. Another report said the project had 60% value-based absorption.
The strong booking update helped the stock move higher, but it is not clear from the report whether demand will stay this strong or what comes next for the project.
What the reporting says
Arvind SmartSpaces shares rose 10.58% to Rs 650 after the company said its recently launched Bengaluru project, Arvind Sylva, recorded bookings of over Rs 500 crore within 30 days. Other reporting said the project achieved 60% value-based absorption and is located on Sarjapur Road.
Why it matters
Arvind SmartSpaces shares jumped after the company reported that Arvind Sylva, its recently launched Bengaluru project, crossed Rs 500 crore in bookings within 30 days. The update also cited 60% value-based absorption and a project site on Sarjapur Road.