Ajmera Realty & Infra India Limited (ARIIL) shares rose by 6% on Thursday, reaching a new high of ₹1,120 in intraday trade on the BSE. The stock has seen remarkable growth, gaining 85% in just two months. This surge reflects a healthy business outlook, making it an appealing option for those looking to invest in stocks. Strong demand and improved operational efficiency have been key drivers of this performance.
Strong sales and operational performance
Ajmera Realty reported a sales value of ₹254 crore in the second quarter of FY25, showcasing consistent demand in the real estate market. Collections increased by 20% year-on-year to ₹133 crore, underlining improved efficiency and robust customer demand.
For investors looking to invest in stocks, these numbers highlight the company's financial health and growth potential. Ajmera's strategic focus remains on luxury and mid-luxury residential projects across Mumbai and Bengaluru, with notable developments such as "Manhattan" and "Prive" in Mumbai and "Ajmera Lugaano" in Bengaluru.
Equity fundraising and investor participation
The company recently raised ₹225 crore through a preferential equity allotment, bringing in prominent institutional investors. This move aligns with its growth strategy, bolstering its financial resources for ongoing and upcoming projects.
The board approved the issuance of 3.16 million equity shares at ₹711 per share. This funding initiative further strengthens Ajmera's market position and presents additional reasons for stakeholders to invest in stocks within the thriving real estate sector.
Bengaluru projects driving growth
Ajmera Realty's Bengaluru projects have seen strong festive sales, with 37% of units booked during the Diwali week alone. The company has a robust pipeline of seven projects with a gross development value of ₹4,270 crore.
This pipeline underscores the company's ability to cater to growing demand and sustain long-term growth. Bengaluru's booming real estate market, supported by the IT sector and infrastructure development, continues to provide ample opportunities for investors to invest in stocks tied to this growth story.
Infrastructure developments boosting prospects
The recent inauguration of key infrastructure projects like the Mumbai Trans Harbour Link and the Atal Setu Bridge has significantly boosted the real estate outlook in Mumbai. These developments enhance connectivity, creating favourable conditions for Ajmera Realty's core markets. This growth momentum offers compelling reasons to invest in stocks related to the real estate sector, as Ajmera Realty stands to benefit from these advancements.
Sustained momentum in real estate
With mega projects across key markets, the real estate sector is poised for sustained growth. Ajmera Realty's presence in high-demand regions like Mumbai and Bengaluru positions it as a leading player in this growth trajectory. For those considering opportunities to invest in stocks, the company's strong project pipeline and strategic initiatives present a promising outlook.
Ajmera Realty continues to demonstrate resilience and adaptability, making it a solid choice for investors aiming to benefit from the ongoing growth in the real estate sector.
For android only