Sunteck Realty Ltd.

NSE: SUNTECK | BSE: 512179 | ISIN: INE805D01034 |Industry: Realty
|Momentum Trap

Sunteck Realty Ltd.    
16 Aug 2019
ICICI Securities Limited
SRL achieved sales volumes growth of 93% YoY to 1.63 lakh sq ft (lsf) (198 units) in Q1FY20, led by strong sales of 1.21 lsf (176 units) at Sunteck Westworld Naigaon. The company sold one unit of higher ticket size of ~13,000 sq ft worth | 81 crore at BKC's Signature Island in Q1FY20. While the company recorded 18 units (0.26 lsf) sales at ODC, none was through activation scheme. Overall, SRL clocked pre-sales worth | 185.8 crore (2.3% growth YoY) in Q1FY20. With Avenue-1 & 2 nearing completion, the management expects sales momentum at these projects to pick up further....
Sunteck Realty Ltd. is trading at high day volume of 594.8K.
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