Tuesday, March 10
Shares of Arvind SmartSpaces surged sharply in Tuesday’s trading session after a bulk deal involving Pirojsha Adi Godrej, Executive Chairman of Godrej Properties, boosted investor interest in the stock.
The stock was trading around Rs 566.30 on the National Stock Exchange of India, up Rs 64.95 or 12.96% during the session.
Bulk deal drives buying interest
According to exchange data, Pirojsha Adi Godrej purchased 8,17,530 shares of Arvind SmartSpaces at Rs 498 per share through a bulk deal on the BSE.
The shares were sold by HDFC Capital Affordable Real Estate Fund‑1, which held an 8.79% stake in the company as of December 2025.
The transaction attracted investor attention and led to strong buying in the stock during Tuesday’s session.
Shareholding pattern
As per the company’s shareholding data for December 2025, public shareholding in Arvind SmartSpaces stood at 50.18%.
Among public shareholders:
- Mutual funds held about 5% stake
- Alternate Investment Funds held 10.81% stake
- Foreign investors held around 0.83% stake
Brokerage outlook
In a research report dated February 12, 2026, Axis Securities maintained a ‘Buy’ rating with a target price of Rs 750 on the stock.
The brokerage noted that the company’s outlook remains supported by Rs 331 crore pre-sales recorded in a quarter without new launches and a sustained sales run rate of about Rs 200 crore per quarter.
With around Rs 1,500 crore worth of project launches planned, the brokerage expects FY26 pre-sales guidance of Rs 1,700 crore to be achievable. The company has reiterated its 25–30% compound annual growth rate (CAGR) outlook, supported by a strong launch pipeline and annual business development additions of Rs 4,000–5,000 crore.
Q3 performance
For the third quarter, Arvind SmartSpaces reported consolidated profit after tax of Rs 29 crore, compared with Rs 50 crore in the same period last year.
Revenue from operations came in at Rs 166 crore, down from Rs 210 crore year-on-year.
Adjusted EBITDA stood at Rs 44 crore, compared with Rs 60 crore a year earlier.
However, operational performance showed improvement with bookings rising to Rs 331 crore from Rs 224 crore year-on-year, while collections increased to Rs 317 crore from Rs 229 crore during the same period.
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