Buy Suraj Estate Developers, target price Rs 396: Anand Rathi

Anand Rathi has buy call on Suraj Estate Developers with a target price of Rs 396. The current market price of Suraj Estate Developers is Rs 346.3.

Suraj Estate Developers Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 1556.63 Crore) operating in General sector.

Suraj Estate Developers Ltd. key Products/Revenue Segments include Income From Construction Work for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 106.15 Crore, up 2.36 % from last quarter Total Income of Rs 103.70 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 16.57 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.95 per cent stake in the company as of 31-Dec-2023, while FIIs owned 7.13 per cent, DIIs 3.61 per cent.