Awfis Space Solutions shares saw a nearly 2% rise in intraday trading on the BSE on Tuesday, September 2, marking a likely continuation of gains for the second straight session. The rally comes after HDFC Mutual Fund increased its stake in the small-cap company from 5.04% to 7.33%.
The stock opened at ₹570.30, slightly higher than its previous close of ₹567.15. It climbed 1.6% during the session to touch an intraday high of ₹576. However, some of the early gains were trimmed, and by around 12:55 PM, the stock was trading at ₹570.85, up 0.65%.
The positive sentiment around the stock is being attributed to the increased institutional interest, with HDFC Mutual Fund’s move seen as a strong vote of confidence. Market participants are closely watching the stock’s movement as it shows signs of building momentum following the stake hike by a major institutional investor.