India's Ajmera Realty hits over 2-1/2 month high on strong sales

Ajmera Realty & Infra India

10/04/2023 08:12

** Shares of Ajmera Realty & Infra India Ltd  AJME.NS  rise
as much as 6.3% to 314 rupees, highest since Jan. 20
    ** Real-estate firm said FY23 sales value rose 93% Y/Y to
8.34 bln rupees ($101.83 million)
    ** Q4 sales value grew 16% Y/Y to 1.4 bln rupees while Q4
collections rose 11% to 1.03 bln rupees - AJME
    ** Carpet area sold in FY23 rose 50% Y/Y to 370,219 sq. ft.
    ** Stock's relative strength index above 70, indicating it
is overbought
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~188,200 shares, 4.6x the 30-day avg of
~40,600 shares as of 12:30 p.m. IST 
    ** Up to last close, stock was down 4.7% so far this year


($1 = 81.9025 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))