Sunteck Realty shares declined over 2 percent on Monday as investors booked profits after the stock surged nearly 16 percent in the previous two sessions.
On the NSE, the stock touched an intraday low of Rs 441.70, down 3.15 per cent, before closing at Rs 444.90, a fall of 2.44 per cent. According to BSE data, the counter has gained more than 15 percent in the past one month.
Global brokerage Jefferies has maintained a 'Buy' rating on the stock with a target price of Rs 575, noting that it trades at over 35 percent discount to net asset value, thereby limiting downside risks.
The company recently announced a Rs 500-crore preferential issue of 1.17 crore warrants at Rs 425 each. Promoters will subscribe to 66.5 percent of the issue, while investors such as Utpal Sheth, Mukul Agrawal and NT Asian Fund are also participating.
For the first quarter of the current fiscal, Sunteck Realty reported a 47 percent rise in consolidated net profit at Rs 33.43 crore, compared to Rs 22.78 crore in the year-ago period. Total income, however, declined to Rs 201.53 crore in April-June 2025-26 from Rs 328.01 crore in the same quarter of the previous year, the company said in a regulatory filing.
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