#AJMERA monthly chart Ajmera Realty gave all time high breakout in 2021 then deep retraced. Again reversing and consolidating in narrow range. Fundamentally and technically every reason for the stock to cross 600 levels.
Raymond, Likhitha Infra among 11 smallcaps that zoomed 31% last week
Consolidation is the driving feature of Indias property, said Nuvama Institutional Equities. "We believe buoyancy in sales would sustain driven by pick-up in launches, aided by cash flow improvement, diversification and market share gains."
Ajmera Realty & infra April-June sales Rs 400 crore, up 261% on year
During the quarter, the company managed to reduce its debt by Rs 25 crore supported by sales and collection momentum. The developers weighted average cost of debt stood at 11.6% as on June end with debt-to-equity ratio at 1.12:1 as compared to 1.17:1 in the previous quarter.
Ajmera Realty & Infra acquires land parcel in Mumbai’s Ghatkopar from Tata Communications
“The acquisition of Pantnagar land is in alignment with the companys vision of a five times growth plan which targets a revenue potential of Rs 4,000 crore over the next 3-5 years. Ghatkopar, Pantnagar is poised to become a lucrative destination for the homebuyers with its newly planned infrastructure development,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.
Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore
"Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added.
Ajmera Realty & Infra April-June sales up 261% YoY at Rs 400 crore
“Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier it will be our endeavor to launch new projects in FY23 and take the growth momentum forward,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.
RBI rate hike implies costlier home loans but co-op bank step brings shine to realty stocks
The RBI has permitted state cooperative banks and district central cooperative banks to extend finance to commercial real estate – residential housing (CRE-RH) within the existing aggregate housing finance limit of 5 per cent of their total assets.
Jindal Stainless Steel Emerges Highest Bidder for Mittal Corp
Once the deal is concluded, it would be the first acquisition by Jindal Stainless Steel under the Insolvency and Bankruptcy Code. Ratan Jindal is the third son of late OP Jindal and the brother of JSW Steel promoter Sajjan Jindal.
Ajmera Realty Q4 profit at Rs 14 cr; revenue jumps over two folds to Rs 184 cr
Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing.Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21.
HDFC, HDFC Life insurance acquires stake in Xanadu Realty
Started by industry experts R Karthik and Anurag Singhvi, Xanadu has helped realty developers in comprehensive turnaround of their real estate portfolio. It has developed and executed end to end strategy for product, design, marketing, and sales for developers.
Ajmera Realty to invest Rs 900 crore to develop residential project in Wadala
Ajmera Realty and Infra India is planning to invest over Rs 900 crore to develop a residential project as part of its 100-acre master layout in central Mumbais Wadala locality. The financing of the project will be supported through a mix of internal accruals, construction finance loan from HDFC and sales advances.
Breakout in Ajmera Realty & Infra... for NSE:AJMERA by MandeepSinghKohli
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ajmera Realty to invest Rs 110 cr to redevelop housing society in Mumbai
"The company will invest approximately Rs 110 crore to redevelop the housing project as part of its plan to expand footprint and build residential properties in key prime markets of Mumbai," Ajmera Realty said in a statement.
Indiabulls Real Estate appoints KG Krishnamurthy as non-executive chairman
The company has also appointed the former Managing Director & CEO of HDFC Property Ventures as an independent director on the board of the company with immediate effect for an initial term of three years.
Real estate developers offering flexible revenue share to retailers at malls and high-streets
“The sales in malls have reached 70-80% of the pre-Covid levels, and the businesses are booming. We are confident that we will witness promising results in the next few quarters,” said Ravish Kapoor, Managing Director, Elan Group. Elan Group is renegotiating contracts with key brands to ensure a win-win partnership with its patrons.
Only 10% of Indian jewellers opt for hallmarked gold ahead of wedding season
If hallmarking is not done by the deadline, jewellers will not be able to continue their business. Small jewellers in tier 2 and tier 3 cities and in rural areas are particularly vulnerable while large organised retail chains stand to gain.