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Moneycontrol.com >> Messageboard >> Stocks >> Ajmera Realty >> ONLY FOR THOSE WHO ARE NOT RISK AVERSE
   You are here :     Moneycontrol     MMB    Stocks      Ajmera Realty                         Most active discussions of 2006 , 2007 & 2008
ONLY FOR THOSE WHO ARE NOT RISK AVERSE (1)   31-Oct-09 18:45Track this thread   Tracked by (1)  
Posted by:   raj_pdal on ( 31-Oct-09 18:45 )
Price : BSE: Rs 231.20 ( -7.24 % ), NSE: Rs. 230.30 ( -7.23 % )
Ajmera Realty & Infra (India) Ltd. has been included in BSE Small Cap index. It came into being through de-merger of Shree Precoated Steel Ltd. in May 2009. Company develops property and has a major presence in Mumbai (about 67 acres of land at Kanjur Marg and over 20 lakh sq ft land at Bhakti Park, Wadala) and over 17 lakh sq ft in Bangalore. Its 60% subsidiary Ajmera Mayfair Global Realty is constructing Ajmera Gate Tower at Manama in Bahrain. On current equity of Rs.35.48 crore, promoters owned 62.20% stake end March 2009. Public and foreign holding was pegged at 23.71% and 11.6% respectively. Much said about realty sector already. But in my view property`s demand is function of country`s population for which India has advantage and since our demography of maximum young population with high income will give more than enough push to property market. Only thing to remember to book profits from time to time considering no so friendly promoters and realty sector as a whole. Happy investing.
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