Ajmera Realty & Infra India trades higher on securing redevelopment project located at Andheri West
Ajmera Realty & Infra India is currently trading at Rs. 786.25, up by 1.95 points or 0.25% from its previous closing of Rs. 784.30 on the BSE.
The scrip opened at Rs. 801.00 and has touched a high and low of Rs. 804.00 and Rs. 777.00 respectively. So far 3973 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1225.80 on 07-Jan-2025 and a 52 week low of Rs. 566.05 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 844.50 and Rs. 763.85 respectively. The current market cap of the company is Rs. 3094.61 crore.
The promoters holding in the company stood at 68.23%, while Institutions and Non-Institutions held 2.69% and 29.07% respectively.
Ajmera Realty & Infra India has been appointed to redevelop the premises of Ascot Co-operative Housing Society. The project, covering a total land area of 2,319 square meter, to be developed in a single phase in Shastri Nagar, a prime location in Andheri West, Mumbai. The project is expected to generate an estimated sales revenue of Rs 320 crore, with a total estimated carpet area of about 71,300 square feet.
Shastri Nagar shares a deep-rooted connection with the Ajmera Group, as it was originally developed by the company, reinforcing strong brand recall in the area. This development aligns with company’s strategy to diversify its portfolio by expanding its inorganic growth through asset-light acquisitions, including an increasing focus on redevelopment projects. It will further strengthen the company’s presence in Mumbai’s growing micro markets. With these project additions, the company has added four new projects with a total GDV (Gross Development Value) of about Rs 2,770 crore, marching towards its fiscal guidance.
Ajmera Realty & Infra India is recognized as one of India's leading Real Estate Company.
