Suraj Estate Developers Hits 52-Week Low Amidst Broader Market Trends

Suraj Estate Developers, a small-cap player in the construction and real estate sector, has seen significant activity today, hitting a new 52-week low of Rs. 273. The stock has been on a downward trend, experiencing a consecutive decline over the past two days, resulting in a total drop of 3.34%. Despite this, Suraj Estate Developers outperformed its sector, which fell by 2.67%, by 1.55%.
In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish technical outlook. Over the past year, the stock has underperformed the broader market, with a return of -29.04% compared to the Sensex's gain of 9.99%. However, the company has demonstrated strong management efficiency, boasting a return on capital employed (ROCE) of 20.50% and a robust annual net sales growth rate of 34.70%.

Suraj Estate Developers has reported positive results for the last three consecutive quarters, with a profit after tax of Rs. 51.81 crore, reflecting a growth of 54.47%. Despite its current challenges, the company maintains a solid foundation with majority ownership held by promoters.