Suraj Estate Developers gains on reporting 54% rise in sales in Q3FY24
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Suraj Estate Developers is currently trading at Rs. 353.80, up by 3.25 points or 0.93% from its previous closing of Rs. 350.55 on the BSE.
The scrip opened at Rs. 358.25 and has touched a high and low of Rs. 359.00 and Rs. 351.40 respectively. So far 32209 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 364.40 on 04-Jan-2024 and a 52 week low of Rs. 323.95 on 26-Dec-2023.
Last one week high and low of the scrip stood at Rs. 363.65 and Rs. 338.15 respectively. The current market cap of the company is Rs. 1577.04 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 11.14% and 13.90% respectively.
Suraj Estate Developers’ sales stood at Rs 142.51 crore in Q3FY24 as compared to Rs 92.47 crore in Q3FY23 i.e. up by 54.11% on yearly basis. On quarterly basis sales up by 67.23% at Rs 85.22 crore in Q2FY24.
However, the company’s collections were down by 33.41% to Rs 68.49 crore in Q3FY24 against Rs 102.86 crore year-on-year (Y-o-Y) in Q3FY23. On quarterly basis, it increased marginally over collections of Rs 67.25 crore in Q2FY24.
Suraj Estate Developers builds and develops real estate, with a focus on best-in-class collaborations and client assurance.
