Sunteck Realty shines on reporting 17% rise in pre-sales in Q2FY24
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Sunteck Realty is currently trading at Rs. 480.10, up by 5.85 points or 1.23% from its previous closing of Rs. 474.25 on the BSE.
The scrip opened at Rs. 479.60 and has touched a high and low of Rs. 485.95 and Rs. 479.60 respectively. So far 16159 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 485.95 on 16-Oct-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. 485.95 and Rs. 423.00 respectively. The current market cap of the company is Rs. 7057.34 crore.
The promoters holding in the company stood at 67.22%, while Institutions and Non-Institutions held 23.45% and 9.33% respectively.
Sunteck Realty’s pre-sales stood at Rs 395 crore in Q2FY24 as compared to Rs 337 crore in Q2FY23 i.e. up by 17.21% on yearly basis. On quarterly basis pre-sales up by 2.07% over Rs 387 crore in Q1FY24.
However, the company’s collections were down by 35.35% to Rs 214 crore in Q2FY24 against Rs 331 crore year-on-year (Y-o-Y) in Q2FY23. On quarterly basis, it declined 25.69% over collections of Rs 288 crore in Q1FY24.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
