Ajmera Realty remains confident of achieving its sales guidance by the second half of FY25, fueled by the upcoming festive season and strong demand.
On sectoral front, media, auto, capital goods and FMCG were down 0.5-1 percent, while metal and realty up 0.5 percent each
For the quarter ended March 31, Ajmera Realty saw the value of sales double to Rs 287 crore, up 104 percent on-year.
A portion of the funds amounting to Rs 200 crore has been utilized towards the partial prepayment of a loan availed from HDFC Bank.
The funds will be used for Ajmera Manhattan, a residential project in Mumbai's Wadala area, and to partially partial prepay GCP loan taken from HDFC
Mumbai redevelopment news: Both companies will hold a 50 percent stake in the project and the project is aimed at delivery of premium luxury residential apartments with an estimated carpet area of approximately 130,000 sqft for sale, according to the statement issued by Ajmera Realty.
The company sold 3,59,820 square feet of carpet area during the first nine months of this financial year compared to 3,01,010 square feet a year ago.
Ajmera Realty & Infra India director Dhaval Ajmera is confident of achieving the sales target of Rs 1,000 crore for FY24 after the stellar December quarter numbers
Gains in banking names, positive global cues and cooling oil prices helped benchmarks indices close higher. About 2,107 shares advanced, 1,455 declined and 133 remained unchanged
The market closed almost a percent higher on positive global cues as dovish comments from the US Federal Reserve officials eased rates worries. About 2,489 shares advanced, 1,048 declined, and 131 remained unchanged
Volumes in the counter also shot up as 11 lakh shares changed hands on the exchanges so far, significantly higher than the one-month daily traded average of 81,000 shares.