Moneycontrol
Last Updated : Feb 09, 2017 10:03 AM IST | Source: Moneycontrol.com

Sunteck Realty up 4%, to invest Rs 1000 cr in affordable housing

The company is going to invest Rs 1000 crore in its affordable housing projects.

 
 
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Moneycontrol Bureau

Shares of Sunteck Realty gained 4.5 percent intraday Thursday as it going to start a new business vertical of affordable housing.

The company is going to invest Rs 1000 crore in its affordable housing projects.

This new vertical will benefit the company by diversification of risks and increased sales/profits.

This affordable housing vertical will focus on area of Navi Mumbai, Thane, Kalyan and other locations near to Mumbai.

The company's board meeting will be held on February 13, to consider the unaudited financial results for the quarter and nine months ended on December 31, 2016.

At 09:40 hrs Sunteck Realty was quoting at Rs 257.30, up Rs 11, or 4.47 percent on the BSE.

Posted by Rakesh Patil
First Published on Feb 9, 2017 10:03 am
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