Thu, Feb 1, 2024 9:25 AM
📢 Benchmark indices open on a flat note today; Nifty near 18,000
A Flip by Shubhangi Gupta
Sunteck Realty reported strong pre-sales and collections in Q3, driven by its ability to market ultra-luxury projects and aggressive land acquisition in Mumbai. The company is expected to grow presales by 35% CAGR over FY24-27E, with a strong new launches pipeline and JV with IFC, supporting its 'Buy' rating with a target price of Rs. 700/share.
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Reported Consolidated quarterly numbers for Tata Technologies are: Net Sales at Rs 1,317.38 crore in December 2024 up 2.17% from Rs. 1,289.45 crore in December 2023. Quarterly Net Profit at Rs. 168.64 crore in December 2024 down 0.93% from Rs. 170.22 crore in December 2023. EBITDA stands at Rs. 261.64 crore in December 2024 down 2.1% from Rs. 267.25 crore in December 2023.
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PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Building Material sector. The brokerage house expects Finolex Industries to report net profit at Rs. 87 crore down 8.8% year-on-year (up 113.9% quarter-on-quarter). Net Sales are expected to decrease by 2.8 percent Y-o-Y (up 19.7 percent Q-o-Q) to Rs. 991.6 crore, according to PL Capital.
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