Decent operational performance. Still below Q4 22 peaks but improvement YoY and QoQ.
Supply increase in MMR is clearly visible for anyone in the city. I get 3-4 calls a day from different developers trying to sell completed and upcoming projects. Can the Sunteck brand stand differentiated, or is the demand cycle strong enough to absorb the surplus? One of the two must be true for Sunteck to continue to do well. Seems fairly priced at CMP.
Disclosure: Invested from lower levels. Keep trading a bit around volatility.
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