Sunteck Realty is currently trading at Rs. 228.25, up by 2.25 points or 1.00% from its previous closing of Rs. 226.00 on the BSE.
The scrip opened at Rs. 226.00 and has touched a high and low of Rs. 229.10 and Rs. 224.10 respectively. So far 6356 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 340.65 on 14-Nov-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. 230.30 and Rs. 219.00 respectively. The current market cap of the company is Rs. 1436.26 crore.
The promoters holding in the company stood at 73.49% while Institutions and Non-Institutions held 4.69% and 21.83% respectively.
In a bid to acquire distressed assets and to enter joint development agreements to increase its portfolio, Sunteck Realty is planning to spend Rs 1,000 crore in the next two years.
The company is also exploring opportunities in the redevelopment space. The company has already received approval for one project in Andheri which it will launch soon. Further, the company is looking at other opportunities in the western suburbs and island city.
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.
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