Ajmera Realty & Infra India shares gained over 8 percent on October 18 after the business raised Rs 225 crore on preferential offering of shares to marquee investors. The board of directors of the firm in their meeting held today approved the allotment of 31.64 lakh shares with a face value of Rs 10 per equity share to allottees on preferential basis.
The price at which shares have been issued is ₹711, which represents a discount of more than 11% to the closing price on Thursday. In November 14, 2024, at its Extra-Ordinary General Meeting (EGM), Ajmera would ask for shareholder approval for the same.
The company’s luxury residences, Ajmera Manhattan and Ajmera Prive, have received an amazing reaction, indicating a high demand for high-end real estate. Furthermore, the business reports that Ajmera Vihara in Bhandup, which opened last quarter, is already 49% sold.
The company’s focus is on high-end residential developments in the luxury and mid-luxury markets.
Ajmera Realty Share Price Today
Ajmera Realty’s share price increased by as much as 8.57%, reaching its highest point since April 24. As of 1:09 PM, it had reduced gains and was trading 5.05% higher at Rs 845.50 apiece, against a 0.3% advance in the NSE Nifty 50. The stock has increased 123% over the past 12 months and 92.3% over the past year. The day’s total traded volume was 6.7 times higher than the 30-day average. At 73.62, the relative strength indicator suggests that the stock might be overbought.
About the Company – Ajmera Realty
Incorporated in 1985 is Ajmera Realty & Infra India Ltd. The share price as of right now is 868.85. At present, the market capitalization of the company is Rs 3144.77 Cr. The company reported total income of Rs. 4935.21 Cr. and gross sales of Rs. 4890.05 Cr. for the most recent quarter. Hemanti Prashant Sutaria, Sanjay C. Ajmera, Manoj I. Ajmera, Rajnikant S. Ajmera, and Rajnikant S. Ajmera are among the company’s management.
It is traded on the BSE under the code 513349, the NSE under the symbol AJMERA, and the ISIN under INE298G01027. Citi Mall, 2nd Floor, New Link Road, Andheri (West) Mumbai-400053, Maharashtra is the address of its registered office. K FIN Technologies Ltd. (Karvy Fintech Pvt Ltd.) is their registrar. Manesh Mehta & Associates and V Parekh & Associates are its auditors.
