Stock Market Today: Sunteck Realty share price gained more than 8% in morning trade on Tuesday, October 15 after the company reported a strong business update for the July-September quarter.
In July-September 2024, pre-sales increased by 33% year-on-year (YoY) to ₹524 crore while collections rose 25% YoY.
Sunteck Realty share price opened at ₹565.40 on the BSE on Tuesday, 2% higher than the previous close of ₹554.10. It gained further to the intraday high of ₹602.35, marking gains of more than 8%.
Suntech Realty share has seen good gains of more than 37% in the last six months.
Sunteck Realty at the end of the July-September quarter (Q2 FY25) reported pre-sales of ₹524 crore, an increase of 32.7% YoY compared to ₹395 crore in the year-ago quarter. On a sequential basis, Sunteck Realty pre-sales increased 4.5% over ₹502 crore in the previous quarter.
During the first half or H1 FY25 (April-September 2024), pre-sales for Sunteck Realty registered a growth of 31.2% YoY to ₹1,026 crore against ₹782 crore in H1 FY24.
Sunteck Realty said that it recorded collections of ₹267 crore in Q2 FY25, an increase of 24.8% on a YoY basis compared to ₹214 crore in the year-ago quarter. On a sequential basis, Sunteck Realty collections were slightly lower than ₹324 crore in the April-June 2024 quarter.
For the first half of H1 FY25, Sunteck Realty's collections stood at ₹609 crore, marking a growth of 21.3% on a YoY basis compared to ₹502 crore seen in H1FY24.
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