Multibagger Arvind SmartSpaces Zoomed Over 700% In Five Years—What's Next?

The stock of Arvind SmartSpaces Ltd., a real estate developer, has rallied over 700% in the last five years. Even as the scrip has delivered a negative return of 23% on a year-to-date basis, the five-year return of the stock stands at a stellar 757%.

Experts' take on the counter is upbeat as all six of the analysts tracking the multibagger stock have a 'buy' call, according to Bloomberg data.

Analysts like YES Research, Antique Stock Broking among others have a 'buy' rating on the stock. The target price for the stock is set at Rs 920.5, implying an upside.

The share price had hit a low of Rs 73.5 in June 2020, after which, it saw a steady climb through the years ahead. The scrip's five-year high was Rs 1,006.9 in December 2024.

The stock has delivered negative returns of 23% on a year-to-date basis, whereas the 12-month return is at 199.7%.

The scrip closed 0.79% higher at Rs 668.8 apiece on the NSE on Wednesday. In comparison, the benchmark index Nifty 50 that saw a 0.80% rise at close.

Arvind SmartSpaces' Managing Director and Chief Executive Officer Kamal Singal expressed hope that the company will close the current year with fresh inventory launches totaling Rs 2,500 crore.

In the first two quarters, the company had launched inventory worth Rs 900 crore. In the remaining quarters, it is expected to be higher, Singhal told in an earlier interview with NDTV Profit.

“In the first two quarters, we launched Rs 900 crore worth of inventory. In the remaining portion for the year, it is supposed to be heavier than that. For the year as a whole, we are hoping that we should be able to launch a total of Rs 2,500 crore of fresh inventory,” he said.