Ajmera Realty & Infra India jumps despite reporting 44% fall in sales value in Q1FY24
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Ajmera Realty & Infra India is currently trading at Rs. 370.90, up by 9.95 points or 2.76% from its previous closing of Rs. 360.95 on the BSE.
The scrip opened at Rs. 364.45 and has touched a high and low of Rs. 379.00 and Rs. 363.70 respectively. So far 7249 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.00 on 27-Jun-2023 and a 52 week low of Rs. 230.30 on 04-Nov-2022.
Last one week high and low of the scrip stood at Rs. 387.75 and Rs. 359.00 respectively. The current market cap of the company is Rs. 1323.23 crore.
The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 0.61% and 29.65% respectively.
Ajmera Realty & Infra India (ARIIL) has recorded a sales value of Rs 225 crore in first quarter of FY24, a decline of 44% as compared to the Rs 400 crore in Q1 FY23. The carpet area sold by ARIIL was 1,35,460 Sq.ft. in Q1 FY24 as against the 1,57,438 Sq. ft in Q1 FY23, down by 14%. The company’s collection stood at Rs 111 crore in April-June quarter of FY24, decreased by 47%, as compared to Rs 210 crore in Q1 FY23.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.
