Buy Sunteck Realty, target price Rs 528: Axis Securities

Axis Securities has buy call on Sunteck Realty with a target price of Rs 528. The current market price of Sunteck Realty is Rs 490.9. Time period given by analyst is 4 weeks when Sunteck Realty Ltd. price can reach defined target.

Sunteck Realty Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 7214.86 Crore) operating in Real Estate sector.

Sunteck Realty Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Sale of services, Other Operating Revenue, Rent and Project Management Fees for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 164.24 Crore, up 24.95 % from last quarter Total Income of Rs 131.45 Crore and down -15.63 % from last year same quarter Total Income of Rs 194.67 Crore. Company reported net profit after tax of Rs -9.76 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 67.13 per cent stake in the company as of 31-Mar-2022, while FIIs owned 20.66 per cent, DIIs 4.74 per cent.