Sunteck Realty share price gained over 6 percent in the morning session on July 13

Sunteck Realty

Sunteck Realty share price gained over 6 percent in the morning session on July 13 after the company reported 74 percent YoY rise in bookings at Rs 176 crore for the quarter ended June. The rise in bookings was led by the performance of its mid-income and affordable housing projects.

Global research firm CLSA has maintained buy on the stock and has raised target to Rs 440 from Rs 425 per share. It is of the view that with presales down QoQ but up YoY in Q1, it targets 40-50 percent growth in FY22, according to a CNBC-TV18 report.

News Source:- Moneycontrol

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