Shares of Ajmera Realty & Infra India (ARIIL) recently surged to a new high of Rs 1,120, marking a 6% gain during Thursday’s intra-day trading on the Bombay Stock Exchange (BSE). This impressive rise is attributed to a healthy business outlook and positive performance metrics.
Since October 7, the stock price of Ajmera Realty & Infra India has soared by 85% in just two months. This upward momentum follows the company’s strong business results, with sales value reaching Rs 254 crore in the September quarter (Q2FY25). This performance reflects continued demand in the market. Additionally, collections saw a significant 20% year-on-year (YoY) growth, amounting to Rs 133 crore. These numbers indicate that Ajmera Realty is benefiting from improved operational efficiency and sustained customer demand.
Ajmera Realty & Infra India holds substantial development potential with its large land parcels in key areas, including Ajmera I-Land, Bhakti Park, Wadala, and Central Mumbai. The company is actively progressing on several high-profile projects in Mumbai, such as “Manhattan,” “Prive,” and “Eden,” along with ongoing projects in Bengaluru like “Ajmera Lugaano” and “Ajmera Florenza.” The company has a strategic focus on luxury and mid-luxury residential developments, targeting the premium segment of the market.
To further fuel its growth, Ajmera Realty & Infra India has raised Rs 225 crore through a preferential allotment of equity. This fund-raising initiative has attracted marquee investors and helped the company successfully close its first private equity deal with a domestic institutional investor. This move is expected to strengthen its financial position and support the continued expansion of its portfolio.
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