172@29@17@244!~!172@29@0@53!~!|news|business|stocks|buy-sunteck-realty-target-of-rs-381-anand-rathi-5633721.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
Last Updated : Aug 04, 2020 05:45 PM IST | Source: Moneycontrol.com

Buy Sunteck Realty; target of Rs 381: Anand Rathi

Anand Rathi is bullish on Sunteck Realty has recommended buy rating on the stock with a target price of Rs 381 in its research report dated July 30, 2020.

Broker Research
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Anand Rathi 's research report on Sunteck Realty


Sunteck’s last two quarters’ bookings were strong (Q4 FY20, Naigaon new-phase launch) to comforting (Q1 FY21, the digital sales platform launch during the lockdown). Collections, though, left us desiring better. Here, greater traction at ready/near-complete inventory; recommenced construction would help. Ahead, the immediate future is expected to be challenging as Covid persists, but a well-set balance sheet and access to ready/near-complete inventory set the stage for Sunteck to be a beneficiary of market consolidation.



Outlook


Success with planned new key launches should also help. We raise our rating to a Buy on the recent correction, but lower the TP to `381 (`465 earlier) to factor in the Covid-led challenges.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Aug 4, 2020 05:45 pm
Sections