India's Sunteck Realty falls 7% after reporting Q2 Loss

Sunteck Realty

23/10/2023 06:05

** Shares of real-estate developer Sunteck Realty  SUNT.NS  fall as much as
6.8% to 437.8 rupees, steepest intraday pct loss since Sept 12
    ** SUNT on Friday reported a consolidated Q2 net loss of 139.4 million
rupees ($1.68 million) versus a profit of 23.3 million rupees a year ago
    ** Revenue from operations declined 69% to 249.4 million rupees
    ** Stock last down 4.8%, cutting YTD gains to 35.5%


($1 = 83.1425 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))