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Sunteck Realty shares rise on sharp rise in June quarter bookings; global brokerage retains buy

The rise in bookings was led by the performance of its mid-income and affordable housing projects.

July 13, 2021 / 09:51 AM IST
 
 
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Sunteck Realty share price gained over 6 percent in the morning session on July 13 after the company reported a 74 percent YoY increase in bookings at Rs 176 crore for the quarter ended June.

The rise in bookings was led by the performance of its mid-income and affordable housing projects.

Collections for the quarter was up 165 percent from the year-ago quarterr to Rs 172 crore, the company said in its regulatory filing. Its collection efficiency improved to 98 percent of pre-sales during the quarter as against 64 percent a year ago.

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