Multibagger stock Suraj Estate tumbles 29% from recent peak. Is it a good chance to buy?
1 month, 2 weeks ago

Multibagger stock Suraj Estate tumbles 29% from recent peak. Is it a good chance to buy?

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Multibagger Stock: Shares of Suraj Estate Developers, a real estate construction company, have come under significant selling pressure, with the stock declining by 29% to ₹603 apiece in less than three months. Domestic brokerage firm Nuvama Professional Clients Group has lifted its target price higher for the stock to ₹992 per share from ₹935 while keeping its 'buy' rating intact. Similarly, Arihant Capital Markets remains positive on Suraj Estate, citing its leadership position in redevelopment projects in South-Central Mumbai and continued consumer demand for real estate projects. Healthy performance in Q2 Suraj Estate reported steady execution in Q2FY25, with revenue growing 5% YoY to ₹109 crore.

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