India’s Sunteck Realty jumps after quarterly profit surge

Sunteck Realty

22/04/2026 05:08

** Sunteck Realty SUNT.NS shares jump 8.6% to 370.4 rupees

** Real estate developer posted Q4 profit surge of 26.5% Y/Y

** Investec ("Buy", PT 490 rupees) says co's strong balance sheet and low debt give it enough cash to support near-term project launches

** Brokerage expects pre-sales growing at about 27% CAGR over FY26–28 on planned Mumbai Metropolitan Region launches; potential delay in Dubai project to FY28 due to geopolitical risks

** Trading volume at 1.3 mln shares, about 4x 30-day average

** SUNT rated "strong buy" on avg by 12 analysts, median PT 555 rupees - data compiled by LSEG

** YTD, stock down nearly 14%

($1 = 93.4875 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))