Jefferies has maintained its Buy rating on Sunteck Realty, with a target price of ₹575, implying a 35% upside from the current market price of ₹427.00. The brokerage highlighted the company’s 31% year-on-year pre-sales growth in Q1FY26, calling it a strong start to the year, albeit in line with expectations.
Management remains optimistic about demand momentum, guiding for ₹110 billion worth of new project launches over the next nine months. This is aimed at supporting the company’s 30%+ sales growth target for FY26. In line with this strategy, Sunteck has already invested ₹3 billion in business development and plans to scale up its project pipeline by 25% to reach ₹500 billion during the year.
Jefferies emphasized that the stock is currently trading at a 39% discount to its net asset value (NAV), making the valuation compelling. Given the strong launch pipeline, continued growth in pre-sales, and attractive discount to intrinsic value, the brokerage sees limited downside and strong potential for re-rating.
Disclaimer: The brokerage view is based on publicly available research and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
