New Delhi: Shares of Sunteck Realty Limited gained 8.44 per cent in early trade today. Along with this, the volume of the company also increased by 4.32 times. Despite the flat opening of Sensex and Nifty, shares of Sunteck Realty Ltd. showed a spectacular rally. This Mumbai-based real estate company is developing several residential and commercial projects in the Mumbai Metropolitan Region (MMR). With a focus on excellence, the company is committed to deliver real estate projects that redefine urban living and meet the needs of individuals and businesses. Any company distributes profits to its shareholders in the form of dividends. This is the part of the earnings that can be reinvested or distributed among the shareholders. Sunteck Realty Limited offers an impressive dividend payout ratio of 543%. This is a testimony to the fact that the company is determined to give handsome returns to its shareholders in the form of dividends. In the financial year 2023, the company’s total revenue declined by 29.43 percent compared to the previous year and stood at Rs 362 crore. During this period, the operating profit of the company also declined by 32.63 per cent to Rs 64 crore as compared to the previous year. The net profit of the company had also fallen by 96% to Rs one crore. The company’s shares have rallied more than 70 per cent in the past three years. Investors should keep a close watch on this trending stock.
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