Ajmera Realty zooms as its sales surge by 52% in Q2FY24
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Ajmera Realty & Infra India is currently trading at Rs. 421.05, up by 47.80 points or 12.81% from its previous closing of Rs. 373.25 on the BSE.
The scrip opened at Rs. 373.00 and has touched a high and low of Rs. 429.90 and Rs. 373.00 respectively. So far 100266 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.90 on 10-Oct-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. 429.90 and Rs. 365.05 respectively. The current market cap of the company is Rs. 1508.11 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 (AJMERA) has clocked sales value of Rs 252 crore and collection of Rs 111 crore for the Second Quarter of FY24 (Q2FY24) with a growth of 52% and 8% respectively as compared to Q2FY23. The company has also demonstrated exceptional growth in Q2 FY24, with a remarkable 51% YoY increase in sales area to 1,20,787 sq.ft.
This impressive performance can be attributed to the continued launch momentum of Ajmera Eden, strong demand across various segments and geographies, and the positive impact of the RBI's decision to pause rate hikes. The significant contribution from Manhattan underscores the project's market acceptance, highlighting commitment to excellence and adaptability, paving the path for future successes.
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.
