Sunteck Realty is currently trading at Rs. 393.40, down by 5.80 points or 1.45% from its previous closing of Rs. 399.20 on the BSE.
The scrip opened at Rs. 396.00 and has touched a high and low of Rs. 396.00 and Rs. 393.65 respectively.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 563.60 on 09-Jan-2013 and a 52 week low of Rs. 302.05 on 31-Aug-2012.
Last one week high and low of the scrip stood at Rs. 415.00 and Rs. 389.30 respectively. The current market cap of the company is Rs. 2487.17 crore.
The promoters holding in the company stood at 73.44% while Institutions and Non-Institutions held 5.89% and 20.66% respectively.
Sunteck Realty, Mumbai’s leading real estate player has awarded a construction contract to Larsen & Toubro (L&T). This contract is specifically for the company’s Goregaon project Sunteck City that is spread over an expanse of 23 acres. L&T has recently commenced construction activity on Avenue 1- the first set of development. Avenue 1 includes approx 400 apartments and is spread over 1 million square feet of built up area.
Sunteck’s Goregaon project ‘Sunteck City’ includes 6 million square feet of mixed used development that will be launched in multiple phases. The company may even extend the association to the other Avenues being launched at Sunteck City. The company is also looking at launching Avenue 2 at Sunteck City shortly.
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.