India's Sunteck Realty down nearly 4% as net loss widens in Q4

Sunteck Realty

29/05/2023 06:58

** Shares of Sunteck Realty Ltd  SUNT.NS  fall as much as
3.96% to 282.55 rupees, lowest in nearly two months since March
31, 2023
    ** Slide comes after the real estate developer reports net
loss that widened in March quarter to 279 mln rupees from 43 mln
rupees a year earlier
    ** Revenue down 69% Y/Y to 490 mln rupees 
    ** Trading volume is 97,425 shares as of 11:20 a.m. IST,
0.7x the 30-day avg - Refinitiv data
    ** Of six analysts tracking SUNT, five maintain "buy", and
one suggests "hold"; median TP is 500 rupees


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))