Buy Sunteck Realty, target price Rs 640: Motilal Oswal

Motilal Oswal has buy call on Sunteck Realty with a target price of Rs 640. The current market price of Sunteck Realty Ltd. is Rs 489.9.
Sunteck Realty Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6899.51 Crore) operating in Real Estate sector.

Sunteck Realty Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Construction Equipment, Rent, Other Operating Revenue, Sale of services, Others for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 434.99 Crore, up 613.27 % from last quarter Total Income of Rs 60.99 Crore and up 664.45 % from last year same quarter Total Income of Rs 56.90 Crore. Company reported net profit after tax of Rs 101.62 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.24 per cent stake in the company as of 31-Mar-2024, while FIIs owned 18.34 per cent, DIIs 9.1 per cent.