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.