India's Arvind Smartspaces jumps after Pirojsha Adi Godrej builds stake

Arvind Smartspaces

10/03/2026 07:19

** Shares of real estate developer Arvind Smartspaces ARVD.NS jump 11% to 556 rupees

** ARVD set for best day since Sept. 24, 2024

** Indian industrialist and businessman Pirojsha Adi Godrej buys 817,530 shares in co via block deal on BSE after market on Monday

** Block deal at 498 rupees per share in a deal for 407.1 million rupees ($4.43 million)

** ARVD sees busiest session since 2020; More than 3 million shares change hand by 12.40 pm IST

** ARVD rated "strong buy" on avg by 5 analysts covering it; median PT at 825 rupees - LSEG data

** YTD, ARVD down 5%

($1 = 91.9840 Indian rupees)

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))