India's Max Estates sees $1.1 bln housing opportunity, shares hit record high

Max Estates

23/05/2024 10:45

** Shares of real estate developer Max Estates  MAXS.NS 
surges over 17% to hit record high, last up 11.3% at 369 rupees
    ** Co sees residential opportunity in Gurugram on land
parcel with a gross development value of over 90 billion rupees
($1.1 billion)
    ** Trading vols 6.4x 30-day average
    ** Including day's gains, MAXS up 37.1% since listing in
October last year


($1 = 83.2300 Indian rupees)

($1 = 83.2328 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))