India's Sumit Woods hits upper circuit after parent wins project contract

Sumit Woods

28/11/2023 06:49

** Shares of Sumit Woods  SUMW.NS  rise 5% and hit upper
circuit at ~41 rupees, its highest level since Feb. 10
    ** Stock sees busiest day in nearly a year, with a trade
volume of over 640,000 shares
    ** SUMW's parent firm Sumit Group selected as developer for
a project in Malad East, with revenue potential of about 2.3 bln
rupees ($27.6 mln)
    ** Including session's gains, stock up 31% YTD

($1 = 83.3875 Indian rupees)

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