Buy Sunteck Realty; target of Rs 700: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Sunteck Realty has recommended buy rating on the stock with a target price of Rs 700 in its research report dated February 05, 2025.

Broker Research

February 06, 2025 / 13:05 IST

Buy

26 Aug, 2025 12:21

Volume

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Prabhudas Lilladher's research report on Sunteck Realty

We recently attended SRIN’s analyst day and interacted with the senior management. The company’s proven ability to market ultra-luxury projects, and aggressive and multi-pronged land acquisition capabilities in various micro markets across the Mumbai Metropolitan Region (MMR) are an interesting play on Mumbai’s high-value real estate market. We expect the company’s pre-sales to grow to +30% CAGR over FY24-27E, led by ongoing projects and a strong new launch pipeline, including the Dubai JV project. Further, given the likely strong cash flow generation and JV with IFC, SRIN is likely to step up new project additions, which will act as a catalyst for stock performance.

Outlook

Adoption of an asset light model has enabled the company to acquire scale without straining its balance sheet. We maintain ‘BUY’ rating with SOTP-based TP of Rs700/share.

For all recommendations report, click here