Sunteck Realty - All Eyes On Upcoming Launches: ICICI Securities
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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.
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