Sunteck Realty is currently trading at Rs. 446.40, up by 6.20 points or 1.41% from its previous closing of Rs. 440.20 on the BSE.
The scrip opened at Rs. 447.20 and has touched a high and low of Rs. 455.95 and Rs. 442.70 respectively. So far 9054 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 532.00 on 23-May-2019 and a 52 week low of Rs. 295.65 on 23-Oct-2018.
Last one week high and low of the scrip stood at Rs. 473.05 and Rs. 432.75 respectively. The current market cap of the company is Rs. 6497.71 crore.
The promoters holding in the company stood at 67.15%, while Institutions and Non-Institutions held 29.56% and 3.29% respectively.
Sunteck Realty has acquired a prime project near Mumbai’s Lokhandwala, Off New Link Road, Andheri (West) with the potential for development of around 1.1 mn sq.ft in saleable area and a revenue of over Rs 2,500 crore in the next 4-5 years.
The project is acquired under the asset light Joint Development Agreement (JDA) model focused on establishing a strategic tie-up with credible partners, which will further strengthen the cash flow and balance sheet of the company.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
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