BAJAJ BROKING

Notification
No new Notification messages
Wagons Learning IPO is Open!
Apply for the Wagons Learning IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Ajmera Realty Secures CRISIL A-/Stable Rating, Projects Strong Growth

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

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 News Today

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.

Current Projects and Sales Progress

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.

Future Pipeline and Land Bank

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.

Strong Financial Outlook

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 Share Price 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: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

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.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

9.5 lakh+ Users

icon-with-text

4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4400+ Cr MTF Book

icon-with-text