Ajmera Realty slumps after poor Q3 results

Ajmera Realty & Infra India lost 12.58% to Rs 269.95 at 12:35 IST on BSE after consolidated net profit fell 9.48% to Rs 21.01 crore on 10.62% rise in total income to Rs 91.89 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours yesterday, 8 February 2018.

Meanwhile, the S&P BSE Sensex was down 392.80 points, or 1.14% to 34,020.36. The S&P BSE Small-Cap index was down 41.65 points, or 0.23% to 18,089.54.

On the BSE, 1.21 lakh shares were traded in the counter so far compared with average daily volumes of 60,908 shares in the past one quarter. The stock had hit a high of Rs 287 and a low of Rs 265 so far during the day. The stock hit a 52-week high of Rs 365.65 on 8 December 2017. The stock hit a 52-week low of Rs 170.35 on 8 February 2017.

 

The stock had underperformed the market over the past 30 days till 8 February 2018, falling 10.91% compared with 0.06% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 5.79% as against Sensex's 3.3% rise. The scrip had also outperformed the market in past one year, surging 75.75% as against Sensex's 21.47% 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 a real estate company having presence in and around Mumbai, Ahmedabad and Bangalore as well as an international project in Bahrain.

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