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 488.2.

Sunteck Realty Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 7177.04 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 31-12-2023, the company reported a Consolidated Total Income of Rs 60.99 Crore, up 68.37 % from last quarter Total Income of Rs 36.22 Crore and down -37.43 % from last year same quarter Total Income of Rs 97.46 Crore. Company reported net profit after tax of Rs -10.28 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.25 per cent stake in the company as of 31-Dec-2023, while FIIs owned 20.28 per cent, DIIs 7.24 per cent.