Arihant Foundations & Housing is currently trading at its upper limit of Rs. 142.80, up by 2.80 points or 2.00% from its previous closing of Rs. 140.00 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 142.80 and Rs. 140.00 respectively. So far 2143 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.80 on 26-Apr-2024 and a 52 week low of Rs. 35.30 on 15-May-2023.

Last one week high and low of the scrip stood at Rs. 150.45 and Rs. 139.20 respectively. The current market cap of the company is Rs. 122.81 crore.

The promoters holding in the company stood at 42.87%, while Non-Institutions held 57.13% stake in the company.

Arihant Foundations and Housing is planning to invest Rs 650 crore in its home city and Bengaluru within FY25. The company will invest Rs 150 crore to develop Grade A office spaces in Bengaluru and the rest of the investment will be in Chennai real estate. Currently, the company is looking to develop close to 0.5 million sq.ft (msf) of commercial space and 1 msf of residential space in both cities in FY25. To date, it has developed 20 msf in Chennai, with 4 msf of office space.

Recently, the company had signed up with Equitas Small Finance Bank for the development of its corporate headquarters at Anna Salai, Chennai. The project is close to 0.2 msf with a transaction value of more than Rs 300 crore.

Arihant Foundations and Housing caters to building segments such as villas, apartments, IT parks, hotels, shopping malls, multiplexes, developed plots and commercial buildings. It has a great ability to serve a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.