Sunteck Realty rose 3.65% to Rs 263.75 at 14:00 IST on BSE after consolidated net profit spurted 764.91% to Rs 60.12 crore on 882.68% jump in total income from operations to Rs 524.52 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 14 September 2016.Meanwhile, the BSE Sensex was down 24.06 points, or 0.08%, to 28,350.05.
On BSE, so far 87,430 shares were traded in the counter as against average daily volume of 81,902 shares in the past one quarter. The stock hit a high of Rs 275, so far during the day, which is a 52-week high for the stock. The stock hit a low of Rs 262.50 so far during the day. The stock had hit a 52-week low of Rs 173 on 12 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, gaining 11.77% compared with 0.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.11% as against Sensex's 7.49% gains.
The small-cap company has an equity capital of Rs 12.59 crore. Face value per share is Rs 2.
Commenting on the Q1 performance, Kamal Khetan, Chairman and Managing Director at Sunteck Realty said the operational performance has shown a remarkable growth with higher sales and collections. The company is looking forward to sustaining the strong performance for the rest of the year with the market sentiment looking positive for established real estate brands and for projects nearing completion.
Sunteck Realty is a real estate developer, with a focus in Mumbai.
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