Mumbai-based Suraj Estate Developers posted a Q2 net profit of ₹33.1 crore, up 4% year-on-year, prompting the stock to surge 14% today. The firm cited sustained residential demand in key micro-markets and a tight inventory pipeline as key drivers. However, analysts caution that rising interest rates and land-cost inflation may challenge margins ahead. The uptick reflects selective strength in India’s real-estate sector but underscores that company-specific execution matters in a cautious macro backdrop.