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The brokerage firm has initiated its coverage on the realty stock with a ‘Buy’ rating and a target price of Rs 640, indicating an upside potential of over 30 per cent. The stock was trading at Rs 493.15 on BSE at 14:02 hours.
Sunteck Realty also also signed a pact with IFC (International Finance Corporation) to create a joint platform with a total investment of up to Rs 750 crores.
The luxury projects-focused realtor would close FY23 with around Rs 1,700 crore in pre-sales/bookings and a Rs 513 crore revenue on the balance sheet.
Mumbai (Maharashtra) [India], September 28 (ANI/NewsVoir): Sunteck Foundation by Sunteck Realty under its initiative 'Life by the Sea' organised a sustainable lifestyle drive at Suruchi Beach, Vasai in association with the United Way Mumbai in an endeavour to upkeep the beautiful beach. Rated as one of the scenic and the most environment-friendly beaches in the Mumbai Metropolitan Region (MMR), the Suruchi beach, Vasai, gets its name from the beautiful Suru (Casuarina) trees that surround it. The Suruchi beach is the go-to recreation spot for people across age groups, a favourite local...
Mumbai, Maharashtra, India (NewsVoir) Sunteck Foundation by Sunteck Realty organized its 'Life by the Sea' sustainable lifestyle drive at Mumbai's popular