Motilal Oswal's research report on Sunteck Realty
Sunteck Realty, one of the leading real estate developers in the Mumbai Metropolitan Region (MMR), has a presence in South & Central, Western and Eastern Suburbs. Its notable projects are Sunteck Signature (BKC), Sunteck Beach Residences (Vasai), Sunteck City (Goregaon) and Sunteck West World (Naigaon). Over the years, the company has acquired 10 projects with total GDV of INR402b. It also launched six projects from FY21 to FY24, reporting a CAGR of 23% in pre-sales.
Outlook
We reiterate our BUY rating on the stock with a TP of INR746, implying a 59% upside potential.
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