Bengaluru, June 16 -- This Mumbai-based luxury real estate developer is in focus as its shares jumped 4 percent following its announcement of acquiring 6.28 acres of land worth Rs. 172.48 Crore with a GDV of Rs. 2,000 Crore.

With a market capitalisation of Rs. 3,648 Crore, the stock of Arkade Developers opened at Rs. 192.10, around the same level as yesterday's close, and after opening, it made a high of Rs. 199.45, up 4.17 percent. Additionally, since listing the stock has given a return of 27 percent from its listing.

Update from the Company

The Company has announced its strategic entry into Thane with the acquisition of a 6.28-acre land parcel at Kasarvadavali, Ghodbunder Road. The land acquisition is valued at Rs. 172.48 crore (inc...