Prabhudas Lilladher Recommends 'Buy' on Sunteck Realty, Sets Rs 550 Target

• Prabhudas Lilladher maintains a 'Buy' rating for Sunteck Realty (SRIN) with a revised target price of Rs 550 per share.
• Sunteck Realty reported healthy 16% YoY pre-sales growth in Q3, despite a 5% YoY dip in collections.
• Collections are expected to improve post-RERA approval for the Nepean Sea project.
• SRIN's expertise in ultra-luxury projects and aggressive land acquisition in MMR are key strengths.
• Pre-sales are projected to grow at a 25% CAGR over FY25-28E, driven by existing projects, new launches, and a Dubai JV.

Why It Matters: Prabhudas Lilladher recommends buying Sunteck Realty, citing strong growth potential and a target of Rs 550.