Arvind SmartSpaces hits new high in a weak market, rises 105% in 6 months

ASSL has completed 3.8 million sf of projects, while 14.9 million sf projects are under construction and around 6.6 million sf projects are under pipeline

Shares of Arvind SmartSpaces (ASSL) gained 4.5 per cent to hit a new high of Rs 331.70 in Thursday’s intra-day trade, in an otherwise weak market. The S&P BSE Sensex was down 0.52 per cent at 60,594 at 12:444 PM.

In the past one week, the stock of Lalbhai group real estate company surged 22 per cent, as against 0.36 per cent decline in the Sensex. In the past six months, it zoomed 105 per cent, as against 14 per cent rise in the benchmark index.

The company is headquartered in Ahmedabad and primarily focused on development of