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ArisInfra Shares Surge Nearly 8% After Co Bags INR 100 Cr Order

  • Shares of ArisInfra Solutions surged nearly 8% to close at INR 172.65 today after securing a INR 100 Cr contract for a residential project in Bengaluru.
  • The contract obtained by its subsidiary ArisUnitern RE Solutions is expected to contribute INR 100 Cr with high margins to the company's order book.
  • ArisInfra's CEO highlighted the significance of the project in expanding their presence in Bengaluru and delivering high-margin projects.
  • Despite today's increase, ArisInfra's shares are still down over 17% from its listing price of INR 209 and 24% from its IPO price of INR 222.

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