&w=3840&q=100)
₹80-crore order from Ather Energy lifts Interarch Building share price 4%
Interarch Building share price today: Interarch Building Solutions (Interarch Building) shares were in demand in an overall weak market on the first trading day of the week i.e. Monday, June 23, 2025, with the stock rallying up to 3.83 per cent to an intraday high of ₹2,140 per share.
At 10:45 AM, Interarch Building shares continued to trade near day's high levels, up 3.78 per cent at ₹2,139 per share. In comparison, BSE Sensex was trading 0.85 per cent lower at 81,709.33 levels.
What fueled the rise in Interarch Building share price?
Interarch Building shares jumped in trade today after the company announced that it has secured an order worth ₹80 crore from Ather Energy.
In an exchange filing, Interarch Building said, 'We wish to inform you that the Company has secured an order from M/s Ather Energy Ltd. The formal purchase order is currently awaited.'
Under the terms of the order, Interarch Building will be responsible for design, engineering, manufacturing, supply and erection of pre-engineered steel building systems.
According to the company, it has received a 10 per cent advance payment along with the order. The project is scheduled to be completed within nine months.
At the beginning of the month, the company received a purchase order worth ₹45 crore from an automobile original equipment manufacturer (OEM). ALSO READ |
About Interarch Building
Interarch Building Solutions is among the leading providers of turnkey pre-engineered steel construction solutions in India.
Established in 1983, the company offers end-to-end services including design, engineering, manufacturing, and on-site project management for pre-engineered steel buildings.
With decades of experience, Interarch has built a strong reputation for its expertise in metal interiors and customised PEB solutions catering to diverse sectors such as industrial, commercial, and infrastructure.
Interarch Building operates five strategically located manufacturing facilities in Uttarakhand (Pantnagar and Kichha), Tamil Nadu (Sriperumbudur), and Andhra Pradesh (Athivaram). Its dedicated arm, Interarch Infrastructure, focuses on delivering complex heavy steel and large-scale infrastructure solutions across India.
Last checked on BSE, Interarch Building's market capitalisation stood at ₹3,542.75 crore. The company falls under the BSE SmallCap index.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
35 minutes ago
- Economic Times
Sensex, Nifty take a hit, but 5 reasons why smallcaps, midcaps remain bulletproof
While the Sensex tanked over 900 points and the Nifty slid below the psychological 25,000 mark in Monday's trade, it felt like just another calm day in paradise for smallcap and midcap investors. The bombs may be flying over the Middle East, but in Dalal Street's broader market, it's stock-specific sunshine. ADVERTISEMENT In a day marked by escalating geopolitical drama, following the US strike on Iran's nuclear facilities, retail portfolios hardly flinched. In fact, many smiled. The BSE Smallcap index defied gravity, rising 0.3% as stocks like Ideaforge, Apollo Micro Systems and Northern Arc Capital surged over 10%. The Nifty Midcap 100 also climbed 0.34%, even as the frontline Nifty 500 closed 0.26% lower. So what's insulating the small and mid-tier soldiers of the market when the generals are bleeding?'The market structure has changed over the last 2-3 months,' said Sunny Agrawal, Head of Fundamental Research at SBI Securities. 'It's become stock-specific. Investors are laser-focused on earnings growth potential or fundamental shifts in business. In some cases, industry tailwinds like in defence, are driving action.' Also Read | Rs 1 lakh crore FII selloff in 6 sectors! Are you still holding the wrong stocks? ADVERTISEMENT According to Agarwal, several midcap and smallcap names are poised to deliver a 25-30% CAGR in earnings over the next two years. Agarwal remains bullish on NBFCs and consumption-driven themes, which are more dependent on India's domestic story than oil flows through Hormuz. Foreign Institutional Investors (FIIs) have largely stayed away from the midcap and smallcap space. The result? No selling pressure. In a war-induced panic selloff, that's the moat retail and HNIs are enjoying. ADVERTISEMENT It's not just retail. Family offices and domestic institutions are increasingly parking money in the broader market. "Family office pools are growing stronger, and midcaps/smallcaps are no longer just HNIs and retail investors," said Agarwal. "MF inflows are healthy too and going into better-quality names." Also Read | Why stock market is falling today? Key factors behind 900-point Sensex crash, Nifty below 24,850 ADVERTISEMENT Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, doesn't expect a prolonged selloff. 'Even though the US bombing of Iran's nuclear facilities has worsened the West Asia crisis, market reaction remains measured. Crude prices, US futures, and the absence of panic in Asian markets indicate restraint,' he said.'The closure of the Hormuz Strait, while always a threat, has never actually happened. Any serious escalation will hurt Iran and its ally China more than the US.' ADVERTISEMENT The market construct, he added, continues to support a 'buy on dips' the geopolitical turbulence, both experts maintain their constructive outlook. Agarwal expects "the war overhang will get 2-3 days over" and remains bullish on NBFC and consumption themes. "The market is a buy on dip structure," he echoed this sentiment: "The market construct continues to favour a 'buy on dips' strategy," suggesting that long-term investors view current volatility as an opportunity rather than a systemic threat. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
36 minutes ago
- Mint
Aditya Birla Lifestyle Brands share price falls 4% after listing. Do you own?
Aditya Birla Lifestyle Brands share price fell over 4 per cent on Monday, June 23 after listing on both NSE and BSE. The stock touched an intraday low to ₹ 159.15 amid stock market crash due to ongoing Israel-Iran war. Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) were listed on June 23 at ₹ 167 per share on the NSE and ₹ 167.75 on the BSE, after being demerged from Aditya Birla Fashion and Retail Limited (ABFRL). The stock's discovered price stood at ₹ 171 per share. The BSE has announced that the stock will be moved to the T Group of Securities and will trade under the Trade-for-Trade segment for a period of 10 trading days. As part of the arrangement, Aditya Birla Fashion and Retail Ltd (ABFRL) has demerged its Madura Fashion & Lifestyle (MFL) division, transferring it to Aditya Birla Lifestyle Brands. Shareholders holding ABFRL shares as of the market close on May 21 will be entitled to receive shares of the newly demerged entity. Shareholders of Aditya Birla Fashion will receive one share of the newly formed company, Aditya Birla Lifestyle Brands Ltd., for each share they hold on the record date. This new entity will include the western wear legacy brands along with growth-focused labels such as Reebok, American Eagle, and Van Heusen innerwear. It will also encompass popular names like Louis Philippe, Van Heusen, Allen Solly, and Peter England. Meanwhile, Aditya Birla Fashion and Retail will retain brands like Pantaloons, the ethnic wear segment under TCNS Clothing, premium designer labels such as Sabyasachi, Tarun Tahiliani, Masaba, and Shantanu-Nikhil, as well as premium offerings like Tasva and Jaypore, and luxury retail brand The Collective. 'This moment marks both a recognition of the progress we have made and a clear signal of the scale of opportunity that lies ahead. India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver. ABLBL's foundation is built on enduring strengths that set it apart in a competitive market. Our ambition is clear. To build India's first portfolio of billion-dollar brands in fashion and lifestyle," said Kumar Mangalam Birla, Chairman, Aditya Birla Group. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
an hour ago
- Business Standard
Aditya Birla Lifestyle Brands lists on stock exchanges
Shares of Aditya Birla Lifestyle Brands (ABLB) were listed on the BSE and NSE today, 23 June 2025, following its demerger from Aditya Birla Fashion & Retail (ABFRL). The stock listed at Rs 167 on the NSE, lower than the discovered price of Rs 170.95, and at Rs 167.75 on the BSE, versus a discovered price of Rs 172.15. Aditya Birla Lifestyle Brands successfully listed on BSE and NSE early this morning, completing the demerger of Aditya Birla Groups fashion business into two independent listed entities with distinct value creation trajectories. Under the scheme of arrangement, Aditya Birla Fashion & retail (ABFRL) has demerged its Madura Fashion & Lifestyle (MFL) business and vested it into Aditya Birla Lifestyle Brands. Shareholders of ABFRL will receive one share of Aditya Birla Lifestyle Brands for every share held in ABFRL as of the record date. ABLBL is now poised to operate with greater agility, a sharper strategic focus, and more disciplined capital allocation. The company houses a powerful portfolio of brands including - Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brand - American Eagle, Additionally, the Reebok sportswear brand and the innerwear business under Van Heusen will also be part of the demerged entity. The company said that with this diverse portfolio of strong brands and access to free cash flow, the business is poised to pursue an aggressive growth trajectory. It is expected to double in scale with improved profitability over the next five years, reinforcing its position as one of the largest branded fashion players in the country. Kumar Mangalam Birla, chairman, Aditya Birla Group said This moment marks both a recognition of the progress we have made and a clear signal of the scale of opportunity that lies ahead. India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver. ABLBLs foundation is built on enduring strengths that set it apart in a competitive market. Our ambition is clear. To build Indias first portfolio of billion-dollar brands in fashion and lifestyle. Ashish Dikshit, managing director, Aditya Birla Lifestyle Brands, said, As ABLBL embarks on this new chapter as a listed company, we do so with humility, a deep sense of responsibility, and unwavering confidence in our vision. On behalf of the entire ABLBL team, I extend heartfelt gratitude to our partners, investors and all our stakeholders for their enduring trust and support. We are energized by the opportunities ahead and look forward to building, together, Indias next generation of iconic brands. Aditya Birla Lifestyle Brands (ABLBL) is part of a leading Indian conglomerate, Aditya Birla Group. ABLBL is a leading force in fashion, curating a distinguished portfolio of premium western wear brands. It has a repertoire of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. The company has also partnered with leading brands like Simon Carter, American Eagle and Reebok to strengthen its portfolio.
