Sunteck Realty moves higher on reporting 26% rise in pre-sales in Q4FY24
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Sunteck Realty is currently trading at Rs. 434.40, up by 6.90 points or 1.61% from its previous closing of Rs. 427.50 on the BSE.
The scrip opened at Rs. 445.85 and has touched a high and low of Rs. 445.85 and Rs. 430.95 respectively. So far 16513 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 511.65 on 04-Dec-2023 and a 52 week low of Rs. 271.25 on 23-Jun-2023.
Last one week high and low of the scrip stood at Rs. 448.65 and Rs. 401.70 respectively. The current market cap of the company is Rs. 6262.29 crore.
The promoters holding in the company stood at 63.24%, while Institutions and Non-Institutions held 27.45% and 9.31% respectively.
Sunteck Realty’s pre-sales stood at Rs 678 crore in Q4FY24 as compared to Rs 537 crore in Q4FY23 i.e. up by 26.25% on yearly basis. On quarterly basis, pre-sales were up by 49% over Rs 455 crore in Q3FY24.
However, the company’s collections were down by 10.30% to Rs 296 crore in Q4FY24 against Rs 330 crore year-on-year (Y-o-Y) in Q4FY23. On quarterly basis, it declined 32.42% over collections of Rs 438 crore in Q3FY24.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
