India's Sumit Woods hits upper circuit on order win

Sumit Woods

01/07/2024 09:39

** Shares of real estate developer Sumit Woods  SUMW.NS  up
5% to hit upper circuit at 78.76 rupees
    ** SUMW says it has been selected as developer to redevelop
Dattani Trade Center Co-operative Society Premises in Mumbai
    ** Adds, project has potential revenue of 4.5 bln rupees
($53.9 mln)    
    ** Stock on track to snap six consecutive sessions of loss,
if trend holds
    ** Trading vol 2x 30-day daily avg    
    ** Stock up 51.9% YTD

($1 = 83.4227 Indian rupees)

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