IndiQube Stock Surges 20% Amid Coworking Rally
Key Highlights
IndiQube Spaces shares jump 20% on BSE. Smartworks, Awfis, WeWork India also gain. Positive market sentiment fuels coworking stock rally. Read more!
Shares of IndiQube Spaces experienced a surge of 20% during intraday trading, reaching a high of ₹186.60 on the . The stock later moderated, trading 9.07% higher at ₹169.60 as of 14:30 IST. The company’s market capitalization stood at ₹3,594 Cr (about $385.14 Mn) at this time.
The company announced a ₹52 Cr workspace deal with a leading Japanese ecommerce giant, leasing a 35,000 sq ft managed workspace at Outer Ring Road in Bengaluru for five years. The company has not revealed the client’s name.
The workspace will support the client’s India operations with a fully managed, enterprise-grade office in a key tech hub.
Shares of other coworking space providers also rallied amid improving sentiment in the Indian equities market. Shares of Smartworks Coworking Spaces rose about 3.74% to an intraday high of ₹425.45, while Awfis Space Solutions gained up to 3.50% to touch ₹374.35. WeWork India shares jumped 9.36% to hit an intraday high of ₹552.
indices saw volatility after a strong start. As of 15:23 IST, the Sensex was trading at 77,971.52, down 133.34 points, and the Nifty stood at 24,237.30, down 34.95 points (0.14%). Earlier in the day, the Sensex had jumped 619 points to 78,730.32, and the Nifty climbed 169.65 points to 24,400.95, supported by optimism around progress in restarting US-Iran negotiations, which helped cool crude oil prices.
Fresh foreign fund inflows and positive global cues also lifted market sentiment in early trade.
On the financial front, IndiQube Spaces reported a net loss that widened 25% to ₹17.1 Cr in Q3 FY26 from ₹13.7 Cr in the previous period. However, its losses narrowed 43% from ₹30 Cr in the previous quarter. Operating revenue rose 45% and 11% sequentially to ₹389.9 Cr.