India's Suraj Estate Developers slides on Q1 profit drop

Suraj Estate Developers

28/07/2025 07:04

** Shares of Suraj Estate Developers SRAE.NS down 5.6% to 299 rupees

** Property firm's Q1 consol net profit falls 29.4% to 212.8 mln rupees ($2.5 mln), as expenses rose 11% while revenue was largely flat

** Stock set to fall most in a session since April 25

** Stock below its 200-day simple moving avg since Jan, indicating bearish sentiment

** SRAE extends YTD losses to ~50%

($1 = 86.5270 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))