Buy Arvind SmartSpaces, target price Rs 1085: Axis Securities

Axis Securities has buy call on Arvind SmartSpaces with a target price of Rs 1085. The current market price of Arvind SmartSpaces Ltd. is Rs 868.65.

Arvind SmartSpaces Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 3937.01 Crore) operating in Real Estate sector.

Arvind SmartSpaces Ltd. key Products/Revenue Segments include Income From Real Estate Development and Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 77.21 Crore, down -35.71 % from last quarter Total Income of Rs 120.11 Crore and up 11.79 % from last year same quarter Total Income of Rs 69.07 Crore. Company reported net profit after tax of Rs 4.62 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50.27 per cent stake in the company as of 30-Jun-2024, while FIIs owned 1.81 per cent, DIIs 12.32 per cent.