As per its latest shareholding pattern for the quarter that ended in March, Awfis Space Solutions has seen an increase in retail shareholding. As many as 46,000 retail shareholders, or those who have authorized share capital of up to ₹2 lakh, have a 9.5% stake in the company, compared to the 7.87% they held at the end of the December quarter.
By Hormaz Fatakia
Shares of Awfis Space Solutions Ltd. gained as much as 18% on Wednesday, April 15, marking its biggest single-day surge since its listing back in May 2024.
The office space solutions provider has seen its stock gain in eight out of the last night trading sessions.
The stock has surged in all but one trading session so far in the month of April, during which it has seen gains of 60%. This is the best monthly advance that the stock has seen so far since its listing two years prior.
As per its latest shareholding pattern for the quarter that ended in March, the stock has seen an increase in retail shareholding. As many as 46,000 retail shareholders, or those who have authorized share capital of up to ₹2 lakh, have a 9.5% stake in the company, compared to the 7.87% they held at the end of the December quarter. The Mutual Fund shareholding in the stock has remained constant at around 35%.
Despite the 60% surge that the stock has seen in the month of April, the stock is still down on a year-to-date basis. Before this surge in April, the stock had declined 21% in January, 24% in February, and another 21% in March.
Shares of Awfis Space Solutions are trading 14.5% higher at ₹364.5. The stock is still down over 25% on a year-to-date basis. The stock is still trading below its issue price of ₹383 per share.