Buy Ajmera Realty; target of Rs 190: Dynamic Levels

Ajmera Realty is among top 100 best developers throughout the country having delivered significant volumes of projects in the last five years, and is likely to deliver the large volume of projects in the next three years. Ajmera Realty & Infra India Ltd is recognized as one of India's leading Real Estate Company. The reach and interest of the Ajmera Realty & Infra India Ltd has only grown with time and has extended to other realms, such as power, education and social welfare. The company now has a strong presence in and around Mumbai, Ahmedabad and Bangalore as well as an international project in Bahrain. Quality, innovative construction technology, comfort, aesthetic appeal and maximum value for clients money are few attributes that enrich Ajmera Realty & Infra. From Mumbai to Bengaluru, Ajmera Realty & Infra has won the hearts of its customers with its properties that promise to be cherished for generations.

 

We initiate coverage on Ajmera Realty as a BUY @150 with a target of Rs 190 representing a potential upside of 25% from the buy price. Ajmera Realty is trading at a PE of 12.9.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.