Thursday, June 10, 2021

AJMERA | Potential Outperformer | Price Outlook

Ajmera Realty & Infra India Ltd.

CMP  156

➽  Ajmera Realty & Infra India Limited (ARIL) is a flagship company of Ajmera Group and was incorporated in 1985 as RVS Steels & Allied Industries Ltd. and the name of the Company was changed to Shree Precoated Steels Ltd. in 1985. Shri C S Ajmera and associates took over the company in 1986. The company went public in 1992 and the name was changed to Ajmera Realty & Infra India Ltd in 2008. Ajmera Group is recognized as one of India''s leading Real Estate Company. The Ajmera Group was amongst the first to introduce the concept of an integrated township long before it became a common parlance for the industry.  The company now has a strong presence in and around Mumbai, Pune, Ahmedabad, Surat, Rajkot and Bangalore as well as an international project in Bahrain. Ajmera Realty & Infra is engaged in construction of Ajmera Gate Tower at Manama in Bahrain, through its subsidiary - Ajmera Mayfair Global Realty, in which company holds 60% stake.

➽ Key Stat

  • The Company has been maintaining an effective average operating margins of 35.57% in the last 5 years.
  • Company has a healthy liquidity position with current ratio of 4.92.

Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing profits every quarter for the past 3 quarters
Book Value per share Improving for last 2 years
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving average

Promoters pledged 6.87% of shares in last quarter. Total pledge stands at 7.88% of promoter holdings

Promoters holding remains unchanged at 69.73% in Mar 2021 qtr

Mutual Funds holding remains unchanged at 0.0% in Mar 2021 qtr

Number of MF schemes remains unchanged at 1 in Mar 2021 qtr

Institutional Investors holding remains unchanged at 0.0% in Mar 2021 qtr

 Technical & Price Outlook

Bullish Momentum - Above Short, Medium and Long Term Moving Averages
Stock after long consolidation is ready to give a fresh breakout.
So hold firmly  and buy on dips .Long position can be made for the levels 194 in short  term and 268 in mid term and 419 in long term.

Thanks for your Precious Time.

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