Jefferies has reiterated a ‘Buy’ rating on Sunteck Realty, although it has cut its target price to ₹575 from ₹685, citing delayed project completions that have impacted collections. However, the brokerage remains positive on the company’s FY26 outlook, after a record-breaking Q4 performance in terms of pre-sales.
Sunteck posted a 32% YoY growth in FY25 pre-sales, led by strong traction in the luxury segment, and expects to replicate this growth in FY26. The firm’s project pipeline, valued at ₹40,000 crore, provides robust visibility over the medium term.
While collections lagged due to project handover delays, Jefferies believes that the stock’s current valuation—trading at a 37% discount to NAV—limits downside risk. It sees room for re-rating once construction milestones improve and cash flow visibility strengthens.
Disclaimer: The above views are those of the brokerage and not the publication. Investors should consult a certified financial advisor before making investment decisions.