Sunteck Realty - All Eyes On Upcoming Launches: ICICI Securities
A construction crane is seen between buildings. (Photographer: Keith Bedford/Bloomberg)

Sunteck Realty - All Eyes On Upcoming Launches: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

After a tepid H1 FY21, Sunteck Realty Ltd. clocked robust sales bookings of Rs 3.5 billion in Q3 FY21 aided by Avenue 4, Oshiwara District Centre launch which has enabled it to report a 6% sales booking growth in nine months FY21 at Rs 6.5 billion.

With sales momentum sustaining for completed/launched inventory, the company is targeting to launch the Naigaon Phase III and Vasai/Vasind projects in H1 FY22 which is expected to boost sales in FY22-23E.

Click on the attachment to read the full report:

ICICI Securities Sunteck Realty Company Update.pdf

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