BAJAJ BROKING
Ajmera Realty received a CRISIL A-/Stable rating, reflecting its strong project pipeline and cash flows. The company plans seven new projects with a GDV of ₹4,270 crore. Ajmera Realty share price surged 91.41% in 2024, closing at ₹700.
Ajmera Realty & Infra India Limited has been awarded a CRISIL A-/Stable rating, signifying the company’s financial stability and promising growth outlook. This rating reflects Ajmera Realty's strong project pipeline, positive sales momentum, and strong cash flows, positioning the company well for future growth.
Ajmera Realty is currently managing seven active projects, encompassing approximately 11.31 lakh square feet of saleable area. Five of these projects are over 60% complete, contributing to an overall project completion rate of around 51%.
As of March 2024, the company has successfully sold 67% of the total saleable area, indicating strong demand and sales performance.
Looking ahead, Ajmera Realty is gearing up for seven new projects with a total carpet area of 1.7 million square feet. These upcoming projects boast a Gross Development Value (GDV) of ₹4,270 crore, showcasing the company's ambitious expansion plans. The approval process for these projects is already underway.
In addition to its current projects, Ajmera Realty holds a substantial land bank of 11.1 million square feet, providing a solid foundation for future development. The company’s recent acquisition of land in Vikhroli, Mumbai, from Tata Communications, for which a stamp duty of ₹4.5 crore was paid, adds to this potential.
The company's strong financial position is reinforced by its ongoing sales momentum, which is expected to generate strong cash flows to support continuous construction and project completion.
Dhaval Ajmera, Director of Ajmera Realty, expressed confidence in the company's growth trajectory, citing the strong pipeline and strong pre-sales bookings as key drivers of future performance.
Ajmera Realty's stock has performed exceptionally well in 2024, offering a return of 91.41% year-to-date, nearly doubling investors' money. On Friday, the Ajmera Realty share price closed at ₹700, marking a gain of ₹19.10 or 2.81%.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Textile Sector in India
20 Sep, 2024 | 9 Min. read
Commodities Market Today | WTI Crude Rises 1.4%, Gold And Silver Prices Increase
20 Sep, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At A Positive Opening For Indian Markets
20 Sep, 2024 | 4 Min. read
AU Small Finance Bank Partners With Niva Bupa Health Insurance
20 Sep, 2024 | 4 Min. read
Adani Group To Acquire 46.64% Stake in ITD Cementation India
20 Sep, 2024 | 4 Min. read
NTPC Approves ₹9,701 Crore Investment In Sipat Stage-III
20 Sep, 2024 | 4 Min. read
SEBI Bars Axis Capital From New Debt Segment Roles
20 Sep, 2024 | 4 Min. read
Gold Rate Today | Gold Rises 0.5%, Silver Increases 1.5%
20 Sep, 2024 | 2 Min. read
Hong Kong Cuts Interest Rates by 0.5% After Fed Eases
19 Sep, 2024 | 4 Min. read
NTPC Green Energy Files ₹10,000 Crore IPO Draft
19 Sep, 2024 | 4 Min. read
US Federal Reserve Cuts Interest Rates by 0.5%
19 Sep, 2024 | 4 Min. read
Margin in Leverage Trading: Definition, Working & Differences
19 Sep, 2024 | 4 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading