Sunteck Realty

Sunteck Realty Recommended by ICICI Securities and Axis Capital

Sunteck Realty has been recommended by three brokerages. The company has been showing good sales record for its apartments. Brokerages have raised priced target for Sunteck Realty considering future sales growth expectations.

ICICI Securities: We retain our BUY rating on SRIN with a revised target price of Rs513/share. We like SRIN because it: (1) enjoys strong brand recall in Mumbai, (2) has strong balance sheet with net debt of 0.2x, and (3) rejigged strategy of advancing monetisation of its Goregaon ODC land parcel by building annuity assets.




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