India's Ajmera Realty hits 15-1/2-yr high as Q3 sales surge

Ajmera Realty & Infra India

11/01/2024 06:09

** Shares of real estate company Ajmera Realty & Infra India  AJME.NS  rise
as much as 10.1% to 521.15 rupees, highest level since June 4, 2008
    ** AJME sees steepest intraday pct climb in two months
    ** AJME reports Q3 sales value surged 98% y-o-y to 2.53 billion rupees
($30.5 million), collection up 30% y-o-y
    ** Volumes over 3x the 30-day avg
    ** Stock trading above its 50-,100- and 200- day simple moving averages
since Nov. 2
    ** Stock gained 42% in 2023, last up 5.8%


($1 = 82.9844 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))