India's Shriram Properties rises on new project launch

Shriram Properties

14/03/2024 05:25

** Shares of real estate developer Shriram Properties 
 SRIP.NS  up 8.7% at 104.5 rupees
    ** SRIP on Wednesday launched a new residential project with
a revenue potential of 3.5 billion rupees ($42 million) 
    ** Stock set to snap three straight sessions of losses if
trend holds
    ** SRIP fell 10.9% on Wednesday amid profit booking in
broader markets, shed 13.9% in previous three sessions
    ** Stock had gained in the last three consecutive quarters 
  

($1 = 82.8675 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))