Review

ARVIND SMARTSPACES LTD.
Ticker : 539301
FV:  ₹10  
52-Week H/L: ₹300.05/142.35

We recommended Arvind Smartspaces in Volume No. 38, Issue No. 52 (dated October 17, 2022) when the scrip was trading at Rs 247.85. On a consolidated basis, in Q1FY23, the company recorded net sales and other operating income of Rs 60.26 crore, higher by 123.61 per cent than the Rs 26.95 crore reported in Q1FY22. The operating profit was recorded at Rs 12.54 crore in Q1FY23, a rise of 32.52 per cent as compared to an operating profit of Rs 9.46 crore in Q1FY22. Q1FY23 recorded a net profit of Rs 7.39 crore in comparison with Q1FY22, which was Rs 2.27 crore, improving incredibly more than 200 per cent. The realty stocks are seen picking up pace on the back of strong affordability, upbeat demand and manageable inventory levels. Reacting to the overall positive mood, the shares of Arvind Smartspaces have decently climbed the graph within a couple of previous trading sessions. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 273, with a gain of 10.14 per cent.