India's Suraj Estate Developers climbs after land purchase for Mumbai project

Suraj Estate Developers

16/04/2026 05:58

** Shares of India's Suraj Estate Developers SRAE.NS jump 14.43% to 260.46 rupees

** Stock set to gain most since March 2025, if current trend holds

** The real estate firm acquired a land parcel in Mumbai's Dadar (West), with a total acquisition cost of about 180 million  rupees ($1.93 million)

** Company targets a gross development value of around 1 billion rupees

** Trading vols at 1.9 million shares, about 12.5x more than their 30 day avg

** YTD, stock down 13.62%

   ($1 = 93.2762 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))