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Ajmera Realty is Soaring; Shares Surge 48% in One Week

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Ajmera Realty, founded in 1985, is a Small Cap business in the Real Estate industry with a market capitalization of Rs 933.07 crore. Ajmera realty has been surging on the stock exchanges, and it has been among the top BSE Smallcap gainers in the last few trading sessions.

 

On Friday, the stock hit a new 52-week high, reaching an intraday high of Rs 268.45 a share. On an intraday basis, Ajmera Realty is up more than 15% on Friday.

Ajmera Realty is Soaring; Shares Surge 48% in One Week

Ajmera Realty's stock price has increased by more than 84 percent year to date, while it has increased by more than 189 percent in a year. Over a three-year period, the stock returned 5.59 percent, while Nifty Realty returned 23.37 percent to investors.

Ajmera Realty reported a profit after tax increase of almost 200 percent. The increase in profits was attributable to increased demand for the company's properties, lower interest rates, which reduced interest costs, and a reduction in debt, which resulted in higher profits. Ajmera Realty's valuations have become more appealing as a result of these fundamental improvements.

Realty Sector

The state government of Maharashtra has lowered stamp duty for a short time. The state government's supporting decision led various real estate investors and home purchasers to buy the property because they could save at least 3% on Stamp Duty. In the state of Maharashtra, the stamp duty was cut from 5% to 2%.

Read more about: realty stocks
Story first published: Friday, June 25, 2021, 11:48 [IST]
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