Ajmera Realty spurts after robust Q1 earnings

Ajmera Realty & Infra India rose 9.05% to Rs 213.35 at 15:19 IST on BSE after consolidated net profit rose 107.96% to Rs 14.10 crore on 101.70% increase in total income from operations to Rs 90.36 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during trading hours today, 31 August 2017.

Meanwhile, the S&P BSE Sensex was up 88.71 points, or 0.28% to 31,735.17.

On the BSE, 1.54 lakh shares were traded in the counter so far, compared with average daily volumes of 21,396 shares in the past one quarter. The stock had hit a high of Rs 219.80 and a low of Rs 200 so far during the day. The stock hit a 52-week high of Rs 252.20 on 31 May 2017. The stock hit a 52-week low of Rs 95.25 on 21 November 2016.

The stock had underperformed the market over the past one month till 30 August 2017, falling 7.30% compared with 2.85% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 20.32% as against Sensex's 1.63% rise. The scrip had outperformed the market in past one year, rising 37.88% as against Sensex's 11.23% rise.

The small-cap company has equity capital of Rs 35.48 crore. Face value per share is Rs 10.

Ajmera Realty & Infra India is one of India's leading real estate company. It has a strong presence in and around Mumbai, Ahmedabad,and Bangalore as well as an international project in Bahrain.

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