Ajmera Realty rises on planning to launch six projects in FY23, FY24
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Ajmera Realty & Infra India is currently trading at Rs. 386.20, up by 3.45 points or 0.90% from its previous closing of Rs. 382.75 on the BSE.
The scrip opened at Rs. 393.85 and has touched a high and low of Rs. 400.05 and Rs. 383.00 respectively. So far 14963 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 496.00 on 03-Feb-2022 and a 52 week low of Rs. 100.55 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 400.05 and Rs. 352.25 respectively. The current market cap of the company is Rs. 1376.64 crore.
The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 0.02% and 30.24% respectively.
Ajmera Realty & Infra India is planning to launch six projects during the FY23 and FY24 itself, which has a revenue potential of Rs 4,000 crore. The company has estimated to clock in sales worth Rs 5,000 crore in the next 3-5 years from its future launches as well as its existing projects. The funding for all these new projects to launch will be via a mix of internal accruals, bank funding and sales advances.
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.
