The share price rose as much as 5.3 per cent to ₹389.90 on the National Stock Exchange (NSE).
The company recently announced plans to launch the first phase of its ₹3,000 crore ultra-luxury residential project in Mumbai's Goregaon West, with the initial phase carrying a GDV of ₹1,250 crore
Sunteck's rental revenue is expected to rise from Rs 70 crore in fiscal year 2025 (FY25) to Rs 320 crore and capital value from Rs 1,050 crore to Rs 5,000 crore by FY28-29
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Nuvama remains cautious about the near-term demand environment amid signs of moderation in the Mumbai Metropolitan Region (MMR) housing market.
The company's EBITDA for the quarter stood at ₹78 crore, up 108 per cent Y-o-Y. Meanwhile, the EBITDA margin grew to 31 per cent, up 873 basis points
Sunteck Realty shares rose 5 per cent after its board approved the issuance of convertible warrants through preferential allotment