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14 Mar 2025 |
Sunteck Realty
|
Consensus Share Price Target
|
369.45 |
699.90 |
- |
89.44 |
buy
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12 Feb 2025
|
Sunteck Realty
|
Ventura
|
369.45
|
749.00
|
441.30
(-16.28%)
|
102.73 |
Buy
|
|
|
Company Update
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06 Feb 2025
|
Sunteck Realty
|
Prabhudas Lilladhar
|
369.45
|
700.00
|
494.70
(-25.32%)
|
89.47 |
Buy
|
|
|
|
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30 Jan 2025
|
Sunteck Realty
|
Motilal Oswal
|
369.45
|
746.00
|
470.20
(-21.43%)
|
101.92 |
Buy
|
|
|
Sunteck Realty, one of the leading real estate developers in the Mumbai Metropolitan Region (MMR), has a presence in South & Central, Western and Eastern Suburbs.
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21 Jan 2025
|
Sunteck Realty
|
Motilal Oswal
|
369.45
|
745.00
|
493.60
(-25.15%)
|
101.65 |
Buy
|
|
|
Sunteck Realty (SRIN) reported presales of INR6.35b in 3QFY25, up 40% YoY (in line with our estimate of INR6.5b). Traction in uber-luxury projects nearly tripled, with bookings of INR4.2b, or 66% of overall presales. The upper-middle-income segment accounted for 19% of presales
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14 Nov 2024
|
Sunteck Realty
|
Prabhudas Lilladhar
|
369.45
|
670.00
|
493.10
(-25.08%)
|
81.35 |
Buy
|
|
|
|
|
14 Nov 2024
|
Sunteck Realty
|
Motilal Oswal
|
369.45
|
745.00
|
493.10
(-25.08%)
|
101.65 |
Buy
|
|
|
Sunteck Realty (SRIN) reported pre-sales of INR5.2b in 2QFY25, up 33% YoY (13% lower than our estimate).
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19 Aug 2024
|
Sunteck Realty
|
Prabhudas Lilladhar
|
369.45
|
|
586.20
(-36.98%)
|
|
|
|
|
|
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16 Aug 2024
|
Sunteck Realty
|
Motilal Oswal
|
369.45
|
745.00
|
587.80
(-37.15%)
|
101.65 |
Buy
|
|
|
Sunteck reported pre-sales of INR5b in 1QFY25, up 30% YoY (in line). Traction in uber-luxury projects remained intact, with bookings of INR1.1b or 22% of overall pre-sales.
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02 Jun 2024
|
Sunteck Realty
|
Prabhudas Lilladhar
|
369.45
|
600.00
|
471.00
(-21.56%)
|
Target met |
Buy
|
|
|
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|
25 May 2024
|
Sunteck Realty
|
BP Wealth
|
369.45
|
516.00
|
449.45
(-17.80%)
|
Target met |
Buy
|
|
|
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|
11 Mar 2024
|
Sunteck Realty
|
Ventura
|
369.45
|
664.00
|
447.00
(-17.35%)
|
Target met |
Buy
|
|
|
Reviving the Luxury Experience
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|
22 Jan 2024
|
Sunteck Realty
|
Motilal Oswal
|
369.45
|
640.00
|
452.45
(-18.34%)
|
Target met |
Buy
|
|
|
|
|
20 Nov 2023
|
Sunteck Realty
|
Motilal Oswal
|
369.45
|
640.00
|
453.80
(-18.59%)
|
Target met |
Buy
|
|
|
|
|
24 Oct 2023
|
Sunteck Realty
|
Prabhudas Lilladhar
|
369.45
|
565.00
|
436.05
(-15.27%)
|
Target met |
Buy
|
|
|
|
|
13 Sep 2023
|
Sunteck Realty
|
Prabhudas Lilladhar
|
369.45
|
565.00
|
394.55
(-6.36%)
|
Target met |
Buy
|
|
|
|
|
02 Feb 2023
|
Sunteck Realty
|
ICICI Securities Limited
|
369.45
|
590.00
|
343.80
(7.46%)
|
|
Buy
|
|
|
Sunteck Realty (SRIN) clocked healthy Q3FY23 sales bookings of Rs4.0bn (I-se estimate of Rs3.5bn) driven by the ODC, Goregaon (Rs1.9bn) project and Sunteck Beach Residences (Rs1.1bn) in the extended western suburb of Vasai during the quarter.
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|
14 Nov 2022
|
Sunteck Realty
|
ICICI Securities Limited
|
369.45
|
590.00
|
388.15
(-4.82%)
|
|
Buy
|
|
|
Sunteck Realty (SRIN) clocked healthy Q2FY23 sales bookings of Rs3.4bn (I-sec estimate of Rs3.1bn) driven by the ODC, Goregaon (Rs2.0bn) project and Sunteck Beach Residences (Rs0.7bn) in the extended western suburb of Vasai during the quarter.
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15 Aug 2022
|
Sunteck Realty
|
ICICI Securities Limited
|
369.45
|
590.00
|
474.00
(-22.06%)
|
|
Buy
|
|
|
Sunteck Realty (SRIN) clocked healthy Q1FY23 sales bookings of Rs3.3bn (I-sec estimate of Rs2.8bn) driven by the launch of the Sunteck Beach Residences (SBR) in the extended western suburb of Vasai during the quarter
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01 Jun 2022
|
Sunteck Realty
|
ICICI Securities Limited
|
369.45
|
590.00
|
452.50
(-18.35%)
|
|
Buy
|
|
|
Sunteck Realty (SRIN) clocked healthy Q4FY22 sales bookings of Rs5.0bn (up 43% QoQ) driven by a pickup in BKC luxury project sales of Rs1.6bn while continued momentum in ODC, Goregaon (Rs1.0bn) and Naigaon (Rs2.2bn including new Phase 3) also contributed to sales. In FY22, the company has clocked Rs13.0bn of sales bookings (up 27% YoY) and collections of Rs10.5bn (up 35% YoY).
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19 Sep 2021
|
Sunteck Realty
|
ICICI Securities Limited
|
369.45
|
580.00
|
433.40
(-14.76%)
|
Target met |
Buy
|
|
|
Sunteck Realty (SRIN) has announced a new residential project acquisition of 10msf in Shahad, located in Mumbai Metropolitan Region’s (MMR) extended Eastern suburbs. The project has been acquired under the asset light JDA model in which SRIN may have 75-80% revenue share. Assuming development over FY24-35E, we estimate gross revenue of Rs91.2bn (SRIN share at Rs72.6bn) with pre-tax operating surplus of Rs26.6bn and NAV accretion of Rs14.4bn (Rs103/share). We maintain our BUY rating on SRIN with a revised target price of Rs580/share (earlier Rs475) based on 1x NAV incorporating the new Shahad acquisition. SRIN has now added four new projects since Mar’20 with the three earlier projects in Vasai/Vasind/Borivali adding 8msf of saleable area. Key risks to our call are slowdown in the Mumbai property market volumes and fall in residential/commercial prices.
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