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Ajmera Realty rises on achieving twofold sale in Q4FY24
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Ajmera Realty is currently trading at Rs. 835.00, up by 7.15 points or 0.86% from its previous closing of Rs. 827.85 on the BSE.
The scrip opened at Rs. 837.10 and has touched a high and low of Rs. 849.50 and Rs. 824.35 respectively. So far 32269 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 862.75 on 09-Apr-2024 and a 52 week low of Rs. 287.35 on 15-May-2023.
Last one week high and low of the scrip stood at Rs. 862.75 and Rs. 751.65 respectively. The current market cap of the company is Rs. 2980.02 crore.
The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 1.79% and 28.48% respectively.
Ajmera Realty achieved an impressive twofold sale in Q4FY24, surging to Rs 287 crore from Rs 140 crore in Q4FY23. With the connectivity boost facilitated by the inauguration of Atal Setu, Wadala -- its flagship micromarket, has experienced a strong surge in demand, significantly contributing to this growth.
Ajmera Manhattan saw a record Rs 100 crore in sales in a single month, reflecting exceptional market response. The launch of the next phase of Ajmera Greenfinity has been equally impactful, underscoring the project's immense appeal. Its collection stood at Rs 197 crore in Q4FY24 as compared to Rs 103 crore in Q4FY23, i.e. up by 91%.
In FY24, sales value increased by 21% to Rs 1,017 crore as compared to Rs 842 crore in FY23, while its collection stood at Rs 561 crore in FY24.
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.
