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Ajmera Realty's shares rally 28% in 4 trading sessions on internal restructuring plan

Ajmera Realty's shares rally 28% in 4 trading sessions on internal restructuring plan

Ajmera Realty's shares rally 28% in 4 trading sessions on internal restructuring plan
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By Mousumi Paul  Jan 10, 2020 2:48:57 PM IST (Updated)

Real estate developer Ajmera Realty's share price rallied over 17 percent intraday on Friday after the stock broke the 200-DMA (moving average) level to surge higher.

Real estate developer Ajmera Realty's share price rallied over 17 percent intraday on Friday after the stock broke the 200-DMA (moving average) level to surge higher.

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The stock has been constantly trading higher since January 7 when the company announced that it will consider and approve the proposal of an internal restructuring of the company in its next board meeting on January 13.
Post BSE filing by the company, the stock began to cross the 200-DMA and rallied 28 percent in just four trading sessions.
Ajmera Realty
At 2:27 pm, the stock was trading 11.71 percent or 15.55 points higher to Rs 148.30 per share on the NSE, while on an intraday basis, the shares jumped 17.13 percent at Rs 155.50 on the BSE.
The volume of the stock is the highest after 10 months, at 8,37,000 shares exchanging hands.
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