India's Shriram Properties rises after launch of new project

Shriram Properties

25/09/2024 09:31

** Shares of Shriram Properties  SRIP.NS  rise as much as
2.9% to 134 rupees
    ** Real estate co says it has launched a new apartment
project in Chennai city
    ** Adds, the project has total saleable area of 1.1 mln sq
ft and revenue potential of around 5.5 bln rupees - 6 bln rupees
($65.8 mln-$71.8 mln)
    ** Stock on track to snap two months of losses
    ** More than 2.9 mln shares traded as of 1:50 p.m. IST; this
is the seventh straight session where over 2 mln shares have
traded
    ** SRIP last up 1.3%, adding to YTD gains of 7.8%


($1 = 83.5800 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))