India's Max Estates gains after forecast hike on key project

Max Estates

30/09/2024 05:30

** Shares of Max Estates  MAXS.NS  rose as much as 3% to 627
rupees before trimming gains; its biggest intraday pct gain
since Sept. 20
    ** Real estate co revises guidance on total gross
development value potential of 'Estate 360' project to 48
billion rupees ($572.97 million) from 40 billion rupees in FY25
    ** Estate 360 is co's first residential development project
at Gurugram
    ** September marks MAXS's busiest month in 4 months, with
about 6 mln shares traded
    ** Stock up 95.7% YTD


($1 = 83.7740 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))