Ajmera Realty surges on securing redevelopment project for 4 societies in Mumbai
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Ajmera Realty & Infra India is currently trading at Rs. 379.60, up by 10.35 points or 2.80% from its previous closing of Rs. 369.25 on the BSE.
The scrip opened at Rs. 377.00 and has touched a high and low of Rs. 383.95 and Rs. 371.45 respectively. So far 2149 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 412.40 on 03-Aug-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. 402.15 and Rs. 367.00 respectively. The current market cap of the company is Rs. 1345.76 crore.
The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 0.84% and 29.43% respectively.
Ajmera Realty & Infra India has been selected as the developer to redevelop the four residential societies at Yogi Nagar Borivali West, Mumbai. The original development of Yogi Nagar holds a prominent place in the history of Ajmera Group, as it is a part of the legacy township project development. Now, four societies of this township are set to undergo redevelopment. This project is estimated to generate sales of Rs 330 crore and will primarily consist of residential apartments of 2 & 3 BHK flats, with an estimated carpet area of 1,07,000 Sq.ft.
