Sunteck Realty slumps 4% after large deal worth Rs 336.40 crore

Moneycontrol could not immediately identify the parties involved in the transaction.

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26 Aug, 2025 12:21

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Shares of Sunteck Realty slumped over 4 percent in opening trade on December 13 after a large deal worth Rs 336.4 crore took place in the counter.

Around 69 lakh shares, representing a 4.75 percent equity in the company changed hands on the exchanges at an average floor price of Rs 482 apiece. The floor price of the deal comes at an over 3 percent discount to the stock's closing price of Rs 499.45 on December 12.

Moneycontrol could not immediately identify the parties involved in the transaction.

At 09.26 am, shares of Sunteck Realty were trading 3.6 percent lower at Rs 481.25 on the National Stock Exchange.

The large deal also tipped off a spike in volumes in the counter as 87 lakh shares changed hands on the exchanges so far, significantly higher than the one-month daily traded average of seven lakh shares.

Recently, brokerage Motilal Oswal Financial Services started coverage on Sunteck Realty with a 'buy' call, assigning it a price target of Rs 640.

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The brokerage expects Sunteck Realty to deliver a healthy 25 percent compounded annual growth rate (CAGR) over FY23-26, fuelled by ramp-up in launches from both new and existing projects.

"The company's sound balance sheet, strong cash flow, and recent partnership with IFC would spur project additions and drive a sustainable growth trajectory," the firm stated in a note.

Shares of Sunteck Realty have also surged over 21 percent in the past three months, riding high on the improving prospects of the real estate sector.

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