Shares of Sunteck Realty recovered from its 52-week low on Thursday after its promoter raised stake in the true property agency.
Sunteck Realty’s promoter group has elevated its stake within the firm via open market purchases. As per regulatory filings, the promoters acquired a further 19,400 fairness shares, elevating their shareholding from 63.24 p.c to 63.25 p.c.
Particulars of the Acquisition
The acquirers on this transaction embody Eskay Infrastructure Improvement Personal Restricted and SW Capital Personal Restricted, that are a part of the Sunteck Realty promoter group. Different outstanding members of the promoter group embody Kamal Khetan, Manisha Kamal Khetan, and varied household trusts akin to Matrabhav Belief, Paripurna Belief, and Astha Belief.
Previous to the acquisition, the full promoter shareholding stood at 9,26,44,971 shares, accounting for 63.24 p.c of the full share capital of the corporate. The newest acquisition of 19,400 shares, representing 0.01 p.c of the corporate’s share capital, brings the full promoter holding to 9,26,64,371 shares or 63.25 p.c.
The acquisition was executed via open market transactions between December 17, 2024, and February 24, 2025. The regulatory submitting confirms that no encumbrances akin to pledges, liens, or non-disposal undertakings had been concerned on this transaction.
The fairness share capital of Sunteck Realty remained unchanged at ₹14,64,89,084, with a complete of 14,64,89,084 fairness shares of ₹1 every. There was no dilution within the total share capital construction following the acquisition.
The transfer by the promoters to extend their stake, albeit marginally, signifies confidence within the firm’s long-term development prospects. Sunteck Realty, identified for its luxurious and premium residential initiatives, continues to take care of a robust presence in the true property sector.
Inventory Value Development
The inventory fell as a lot as 1.1 p.c to its 52-week low of ₹373.10 in morning offers however later rebounded 4.7 p.c to its day’s excessive of ₹391. Publish the rally, the inventory continues to be 44 p.c away from its peak of ₹698.35, hit in July 2024.
Within the final 1 12 months, the realty inventory misplaced 21 p.c. Furthermore, it shed round 20 p.c in February to this point, extending losses for the fifth straight month. It declined over 6 p.c in January, 1.4 p.c in December, 7 p.c in November and 5 p.c in October.
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