India's Sunteck Realty surges on posting Q3 profit

Sunteck Realty

21/01/2025 04:02

** Shares of Sunteck Realty  SUNT.NS  jump 8.2% to 533.25
rupees
    ** Real-estate firm reported Q3 consol net profit at 425.2
mln rupees (about $5 mln) vs loss 97.2 mln rupees a year ago 
    ** Its pre-sales grew 40% y/y, rev from ops jumped four-fold
to 1.62 bln rupees
    ** Over 887,000 shares traded in first 10 mins of trading,
already set for busiest trading session since mid-Oct
    ** Analysts' avg rating on stock is "strong buy", median PT
is 732.5 rupees - LSEG data 
    ** Stock gained ~14% in 2024 

($1 = 86.3525 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))