India's Sumit Woods rises on bagging $82 million commercial redevelopment project

Sumit Woods

14/05/2025 07:57

** Shares of real estate company Sumit Woods SUMW.NS rise 2.3% to 101.8 rupees

** Co has been selected to redevelop a commercial project in Bhandup in Mumbai

** The potential revenue from the project is about 7 billion rupees ($82.12 million), co says, well above its market cap of 4.61 billion rupees

** About 227,000 shares change hands, highest since Sept. 30

** SUMW shares down 30.4% in 2025

($1 = 85.2460 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))