{"id":115499,"date":"2023-12-13T16:35:08","date_gmt":"2023-12-13T11:05:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115499"},"modified":"2023-12-13T16:35:11","modified_gmt":"2023-12-13T11:05:11","slug":"realty-stock-falls-by-5-after-promoters-plan-to-sell-4-1-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-falls-by-5-after-promoters-plan-to-sell-4-1-stake-in-the-company\/","title":{"rendered":"Realty stock falls by 5% after promoters plan to sell 4.1% stake in the company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4096471585\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this smallcap company slumped 5 percent in Wednesday\u2019s trading session after the promoters of the company announced a plan to sell up to 4.1% of their stake. The shares have delivered more than 70 percent returns to its shareholders in six months.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1376242702\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 7,002 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUNTECK\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sunteck Realty Ltd<\/a><\/strong> started Wednesday\u2019s trading session on a lower note at Rs. 485.10 compared to its previous close of Rs. 499.45. The share hit a low of Rs. 457.55 and closed the day at Rs. 476.95 apiece.\u00a0<\/p><p>According to reports, Starlight Systems and Satguru Info promoters of the company, have announced plans to sell up to 4.1 percent of their stake through a block deal, for which the floor price is set at Rs. 474 per share.&nbsp;<\/p><p>In today\u2019s trading session, around 69 lakh shares, representing a 4.75 percent equity in the company changed hands on the exchanges through a block deal at an average floor price of Rs 482 apiece for worth Rs 336.40 crores and the sellers are unknown.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1003039768\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coming onto the company\u2019s financial statements, the revenue decreased around 30 percent from Rs. 513 crores during the June quarter to Rs. 362 crores during the September quarter. In addition, the net profit slipped from 25 crores to Rs. 1 crore during the same timeframe.&nbsp;<\/p><p>The company\u2019s Sunteck Maxx World project is expected to generate revenue of Rs. 750 crores to Rs. 850 crores by the end of FY24 and the Sunteck City 4th Avenue project is to generate revenue of Rs. 950 crores to Rs. 1,050 crores by the end of FY25. Furthermore, they have plans to grow their portfolio from Rs. 30,000 crores to Rs. 50,000 crores in the next 2-3 years.&nbsp;<\/p><p>Headquartered in Mumbai, Sunteck Realty Ltd was incorporated in 1981. The company is focused on developing premium residential and commercial properties across the Mumbai Metropolitan Region (MMR).&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3085962233\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this smallcap company slumped 5 percent in Wednesday\u2019s trading session after the promoters of the company announced a plan to sell up to 4.1% of their stake. The shares have delivered more than 70 percent returns to its shareholders in six months.&nbsp; With a market capitalization of Rs. 7,002 crores, the shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,14582,13059],"class_list":["post-115499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-sunteck-realty-latest-news","tag-sunteck-realty-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Realty stock falls by 5% after promoters plan to sell 4.1% stake in the company\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this smallcap company slumped 5 percent in Wednesday\u2019s trading session after the promoters of the company announced a plan to sell up to 4.1% of their stake. 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