India's Sunteck Realty hits all-time high on strong quarterly update

Sunteck Realty

10/01/2022 07:52

** Shares of the Indian real estate and construction co
 SUNT.NS  jump as much as 8.6% to 554.90 rupees - touching a
record high
    ** Sunteck Realty  SUNT.NS  reported provisional pre-sales
of 3.52 billion rupees ($47.47 million) in Q3 FY22, up 29%
sequentially  urn:newsml:reuters.com:*:nFWN2TN0Y4
    ** Co said it has project launches lined up in premium and
aspirational residential segments in forthcoming quarters
    ** New project launches to lead continued growth momentum in
co's pre-sales and grow market share - Sunteck Realty 
    ** Over 2 mln shares traded, thrice their 30-day moving
average
    ** Stock is top gainer on the Nifty realty index
 .NIFTYREAL 
    ** Including session's gains, stock is up more than 3.5% for
the year vs a ~1.68% gain in Nifty realty 


($1 = 74.1550 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))