India's Sumit Woods rises after permission for residential project

Sumit Woods

20/03/2025 06:34

** Shares of Sumit Woods SUMW.NS rise 2.2% to 107.20 rupees, set to gain for third straight session

** Real estate co gets Brihanmumbai Municipal Corporation's permission for development and building for SUMIT KMR PARAM residential project in Borivali West, Mumbai

** Revenue potential of project is around 4 bln rupees ($46.4 mln)

** Tarding vols at 42,852 shares, 1.3x the 30-day average

** SUMW down ~25% YTD

($1 = 86.2980 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))