Prominent Real Estate Player Sees Promoter Share Transfer; Stock Price Jumps over 3 per cent - Do you own it?
With a market capitalisation of Rs 5,661 crore and a PE ratio of 28.1x, the company trades at a premium compared to the industry PE of 27.9x.
Paripurna Trust, a promoter of Sunteck Realty Ltd, has announced its intention to acquire up to 1,00,000 equity shares of the company from another promoter, Anupma Khetan.
The transaction is scheduled for on or after 11th March 2025 and will result in Paripurna Trust's shareholding increasing from 13.16 per cent to 13.23 per cent of the total share capital. The transfer is part of an internal re-organization and succession planning within the promoters' family, and no monetary consideration is involved. The average market price of Sunteck Realty shares over the preceding 60 trading days was Rs 467.58.
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The shares of Sunteck Realty Ltd jumped by 3.84 per cent on Wednesday following this announcement.
Company Overview
Sunteck Realty Limited is a Mumbai-based real estate developer focused on developing premium residential and commercial properties across Mumbai Metropolitan Region (MMR).
Sunteck Realty Limited is a prominent real estate development company in India, known for its luxury residential and commercial projects. The company's stock currently trading at Rs. 385.3. Over the past year, the stock has seen a decline of 20.08 per cent, and a 23.42 per cent drop over the past three years. The stock's 52-week high is Rs. 698.35, while its low is Rs. 348.05. With a PE ratio of 25.98, Sunteck Realty continues to be a significant player in the real estate sector, focusing on high-end developments in major Indian cities.
With a market capitalisation of Rs 5,661 crore and a PE ratio of 28.1x, the company trades at a premium compared to the industry PE of 27.9x. The company has been maintaining a healthy dividend payout of 537 per cent
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.