Sunteck Realty spurts after robust Q2 earnings
Sunteck Realty rose 12.73% to Rs 234.25 at 10:41 IST on BSE after net profit surged 526.40% to Rs 97.28 crore on 582.32% rise in total income from operations to Rs 206.06 crore in Q2 September 2016 over Q2 September 2015.
Meanwhile, the BSE Sensex was up 45.77 points, or 0.17%, to 26,561.01.
On the BSE, so far 53,000 shares were traded in the counter, compared with average daily volumes of 34,723 shares in the past one quarter. The stock had hit a high of Rs 240.45 and a low of Rs 227.55 so far during the day.
The stock hit a 52-week high of Rs 300 on 30 October 2016. The stock hit a 52-week low of Rs 173 on 12 February 2016. The stock had underperformed the market over the past 30 days till 12 December 2016, falling 3.08% compared with the 1.13% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.17% as against Sensex's 6.48% decline.
The small-cap company has equity capital of Rs 12.59 crore. Face value per share is Rs 2.
Sunteck Realty's consolidated earnings before interest, tax, depreciation and amortization (EBITDA) surged 1160% to Rs 126 crore in Q2 September 2016 over Q2 September 2015.
Sunteck Realty (SRL) is a Mumbai‐based real estate development company, catering to the premium ultra‐luxury and luxury residential segment.
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