India's Ajmera Realty rises after Q1 sales growth surges Q/Q

Ajmera Realty & Infra India

06/07/2023 08:32

** Shares of real-estate company Ajmera Realty & Infra India
 AJME.NS  up as much as 5.52% to 383.3 rupees
    ** Co hits sharpest intraday pct gain since June 27
    ** Says, Q1FY24 sales rose 60% Q/Q to 2.25 billion rupees
($27.3 million)
    ** Adds, Y/Y comparisons not comparable due to a massive
sales launch (that) included a Mumbai project named Ajmera
Manhattan last year 
    ** About 204,003 shares change hands as of 12:46 p.m. IST,
vs 1.9x 30-day average of 104,919 shares 
    ** Stock up 17.23% this year as of last close

($1 = 82.5404 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))