Sunteck Realty gains on inking pact to acquire land parcel in Vasind

21 Oct 2020 Evaluate

Sunteck Realty is currently trading at Rs. 276.55, up by 1.90 points or 0.69% from its previous closing of Rs. 274.65 on the BSE.

The scrip opened at Rs. 279.40 and has touched a high and low of Rs. 279.40 and Rs. 271.90 respectively. So far 8761 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 457.70 on 10-Jan-2020 and a 52 week low of Rs. 145.00 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 289.10 and Rs. 246.30 respectively. The current market cap of the company is Rs. 4010.59 crore.

The promoters holding in the company stood at 67.16%, while Institutions and Non-Institutions held 27.55% and 5.28% respectively.

Sunteck Realty has entered into an agreement to acquire around 50-acre land parcel in Vasind, Thane district in Maharashtra. The project will offer approximately 2.6 million square feet. Envisaged as a one of the large residential development under ‘Sunteck World’ brand in Thane District, the project will have a revenue potential of Rs 1,250 crore (Rs 12.5 Billion) spanning over next 4-5 years. The company’s Vasind acquisition reflects its differentiated development philosophy of focusing on strategic locations along the growth vector.

Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.

Sunteck Realty Share Price

390.60 -4.75 (-1.20%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 456.85
Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
DLF 898.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.