Suraj Estate Developers Opens Strong with 7.72% Gain Amid Market Fluctuations

Suraj Estate Developers, a small-cap player in the construction and real estate sector, has shown significant activity today, opening with a notable gain of 7.72%. The stock's performance has outpaced its sector by 2.03%, reflecting a positive trend over the last two days, during which it has accumulated a total return of 3.38%.
Today, Suraj Estate reached an intraday high of Rs 309, marking a strong start to the trading session. However, despite this recent uptick, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term.

In terms of broader market performance, Suraj Estate Developers recorded a 1.46% increase today, compared to a modest 0.12% rise in the Sensex. Over the past month, the stock has faced challenges, declining by 10.18%, while the Sensex has only dipped by 0.72%.

With a beta of 1.63, Suraj Estate is classified as a high beta stock, suggesting that it tends to experience larger fluctuations compared to the overall market.