India's Shriram Properties up on selling 70% of Bengaluru project inventory

Shriram Properties

18/03/2024 08:48

** Shares of Shriram Properties  SRIP.NS  rise 3.1% to
109.20 rupees
    ** Real estate developer says it has sold 70% of inventory
in opening weekend of its Bengaluru residential project
    ** Co launched the project last week, stating it has a
revenue potential of 3.5 bln rupees ($42.2 mln)
    ** Trading vol nearly 0.9x the 30-day daily avg
    ** Stock down 11% so far this quarter, following three
consecutive qtrs of gains

($1 = 82.8898 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))