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Sunteck Realty surges on plan to launch 4 projects in Mumbai this quarter

23 Jan 2015 Evaluate

Sunteck Realty is currently trading at Rs. 265.35, up by 2.15 points or 0.82% from its previous closing of Rs. 263.20 on the BSE.

The scrip opened at Rs. 268.10 and has touched a high and low of Rs. 273.95 and Rs. 265.35 respectively. So far 8296 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 379.90 on 10-Jun-2014 and a 52 week low of Rs. 205.00 on 20-Jan-2015.

Last one week high and low of the scrip stood at Rs. 273.95 and Rs. 205.00 respectively. The current market cap of the company is Rs. 1686.86 crore.

The promoters holding in the company stood at 73.49% while Institutions and Non-Institutions held 6.02% and 20.49% respectively.

Sunteck Realty is all set to launch 4 projects in Borivali, Andheri, Bandra Kurla Complex and Navi Mumbai this quarter. The total development of about 1 million sq. feet for the proposed projects will translate to a revenue potential of over Rs 1000 crore in the next 2-2.5 years.

The company is expecting good demand in its western surburb based projects on the back of the delivery of its flagship project ‘Signature Island’ and fast progress at its Avenue I at ‘Sunteck City’ in Goregaon spread over 23 acres. The Navi Mumbai project will be the company's second launch in the location post the delivery of ‘Signia Oceans’ which is one of the tallest premium luxurious structures in the area.

Sunteck Realty primarily focuses on the development of ultra premium and luxury residential properties in city-centric locations of Mumbai. Its development activities include multi-unit apartment buildings, block re-developments, planned communities and commercial spaces.

 

Sunteck Realty Share Price

335.00 -2.10 (-0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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DLF 601.80
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