Ajmera Realty & Infra India is currently trading at its upper circuit limit of Rs. 429.30, up by 20.40 points or 4.99% from its previous closing of Rs. 408.90 on the BSE.

Ajmera Realty The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 429.30 and Rs. 402.00 respectively. So far 33545 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 429.60 on 09-Sep-2021 and a 52 week low of Rs. 97.00 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 429.30 and Rs. 295.00 respectively. The current market cap of the company is Rs. 1523.37 crore.

The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 0.05% and 30.22% respectively.

Ajmera Realty and Infra India is developing the next phase of its residential project in Wadala, part of the 100 acres master layout of Ajmera i-land in Mumbai.

The project has approximately 5,00,000 sq. ft. carpet area for sale, with funding avenues for the said project coming in from a mix of internal accruals, construction finance loan from HDFC, and sales advances. With an estimated sales value of Rs 1500 crore, the project plot will comprise 540 residential flats and 18 retail shops.

The construction of the project will comprise of two wings, aggregating to 540 residential flats, which will be within close proximity of a huge 25 acres garden, which is also located within the Township.

The 2BHK and 3BHK apartments configuration ranges from 750 – 794 RERA CA and 977 – 1225 RERA CA respectively. Construction of the project has begun and is expected to be completed in five years. The project is designed by prominent architect Hafeez Contractor.

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.