Sunteck Realty is currently trading at Rs. 253.00, up by 6.70 points or 2.72% from its previous closing of Rs. 246.30 on the BSE.
The scrip opened at Rs. 250.95 and has touched a high and low of Rs. 253.00 and Rs. 249.50 respectively.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 300.00 on 30-Oct-2016 and a 52 week low of Rs. 173.00 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 253.30 and Rs. 236.00 respectively. The current market cap of the company is Rs. 1,593.03 crore.
The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 5.14% and 21.01% respectively.
Sunteck Realty is planning to start a new business vertical of affordable housing. This step has been taken by the company in order to diversify its risk and increase its sales and profits.
The estimated amount to be invested by the company will be in tune of Rs 1,000 crore. The projects for affordable housing will be located in Navi Mumbai, Thane, Kalyan and other locations close to Mumbai.
Sunteck Realty (SRL) is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.