I guess, they lost the sales in Naigon by 60-70 Cr due to ongoing water supply issues in Q1-24.
By sunteck standard current Quarter is weak as other RE companies posting all time high Quarterly pre-sale numbers and those stocks touching 52 week / all time highs.
Possible triggers
1.Sale of Commercial projects(Suteck Crest and Ikon) as they are ready to occupy.
2.Succesful Launching of Kalyan
3.Increasing the monetization rate of BKC projects
4.Addressing issues in Naigon as it might be hitting the sales velocity
5.Increasing the number of live projects (Borivali , Malabar Hill, Pen Khopoli)
Disclaimer : Invested
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