Arihant Superstructures Surges 12%

 Arihant Superstructures surged 12% to Rs 154 on National Stock Exchange (NSE) after the L&T Mutual Fund bought more than 2% stake in the realty firm through open market. On Wednesday, April 26, 2017, L&T Mutual Fund A/c L&T Monthly Income Plan had purchased 950,000 equity shares representing 2.3% stake in realty company at Rs 130.25 per share, the NSE bulk deal data shows.

The stock has delivered 76% returns in a period of one year and has outperformed the BSE Small cap and Nifty Financial Services indices over the same time period. Arihant Superstructures Limited is a real estate company. The company is engaged primarily in the business of real estate development, trading in real estate and construction contracts.

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About Suhani Varma

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