Sunteck Realty Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Sunteck Realty is expanding its annuity income business of its commercial portfolio as it enters a long term understanding/ agreement of its second premium commercial building at BKC Junction, Sunteck Icon, to Bennett, Coleman & Co.  

The built]up area of Sunteck Icon is approximately 2 lakh square feet with an approximate rental of Rs. 300 per Sq. Ft. per month on carpet area basis. This will allow the company to generate a revenue of close to Rs 2,000 crore over the tenure of 29 years.  

This encompasses a major milestone for the company as this is the second building on BKC Junction for Sunteck after leasing out BKC51 to Upgrad last year in March 2023 for 29 years.

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Godrej Properties Ltd, Jindal Stainless Ltd, Hindalco Industries Ltd, Divis Laboratories Ltd are among the other stocks to see a surge in volumes on BSE today, 13 February 2024.

Sunteck Realty Ltd recorded volume of 7.17 lakh shares by 10:47 IST on BSE, a 20.85 times surge over two-week average daily volume of 34390 shares. The stock gained 0.65% to Rs.458.70. Volumes stood at 26029 shares in the last session.

Godrej Properties Ltd recorded volume of 1.59 lakh shares by 10:47 IST on BSE, a 7.4 times surge over two-week average daily volume of 21447 shares. The stock lost 0.98% to Rs.2,233.25. Volumes stood at 32715 shares in the last session.

Jindal Stainless Ltd witnessed volume of 8.67 lakh shares by 10:47 IST on BSE, a 5.39 times surge over two-week average daily volume of 1.61 lakh shares. The stock dropped 3.80% to Rs.567.60. Volumes stood at 1.4 lakh shares in the last session.

Hindalco Industries Ltd saw volume of 5.46 lakh shares by 10:47 IST on BSE, a 2.32 fold spurt over two-week average daily volume of 2.36 lakh shares. The stock dropped 13.15% to Rs.505.80. Volumes stood at 1.97 lakh shares in the last session.

Divis Laboratories Ltd notched up volume of 18316 shares by 10:47 IST on BSE, a 2.03 fold spurt over two-week average daily volume of 9028 shares. The stock rose 0.61% to Rs.3,763.10. Volumes stood at 28075 shares in the last session.

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Net loss of Sunteck Realty reported to Rs 9.73 crore in the quarter ended December 2023 as against net profit of Rs 2.07 crore during the previous quarter ended December 2022. Sales declined 52.48% to Rs 42.45 crore in the quarter ended December 2023 as against Rs 89.33 crore during the previous quarter ended December 2022.

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Sunteck Realty will hold a meeting of the Board of Directors of the Company on 19 January 2024.

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