Mukul Agrawal Bought 7,59,493 Shares: Multibagger Stock Jumped 8.66 Per Cent & Hit 52-Week High On October 18
The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 670 per cent in 5 years
On Friday, shares of Ajmera Realty & Infra India Ltd (ARIIL) surged 8.66 per cent and made a new 52-week high of Rs 874 per share from its previous closing of Rs 804.35. At the closing bell, shares of the company were trading at Rs 868.85 per share, up 8.02 per cent with a spurt in volume by more than 2.40 times on BSE.
The Board of Directors of Ajmera Realty & Infra India Limited, in their meeting, approved the issuance and allotment of 31,64,557 equity shares to identified allottees on a preferential basis at an issue price of Rs 711 per share to 13 allottees. The total consideration amounts to Rs 225,00,00,027. This preferential allotment is subject to shareholder approval, statutory approvals, and compliance with SEBI ICDR Regulations and the Companies Act, 2013. In the allotment, an ace investor – Mukul Agrawal bought 7,59,493 shares or 1.93 per cent stake and Authum Investment & Infrastructure Ltd bought 7,59,493 shares or 1.93 per cent stake in the company.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Incorporated in 1985, Ajmera Realty and Infra Limited (ARIIL) is in the business of providing residential and rented commercial properties. The company has a presence in cities like Mumbai, Bengaluru and Ahmedabad in India as well as in foreign countries such as Bahrain and the UK. The company has a market cap of over Rs 3,000 crore and reported amazing numbers in its Quarterly Results (Q1FY25) & annual results (FY24). The Debtor days have improved from 142 to 112 days and have a low return on equity of 9.8 per cent over the last 3 years.
The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 670 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: