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AU Small Finance Bank Ltd, Tata Communications Ltd, Varroc Engineering Ltd, Havells India Ltd are among the other stocks to see a surge in volumes on BSE today, 23 April 2025.
Sunteck Realty Ltd registered volume of 25353 shares by 10:47 IST on BSE, a 2.83 fold spurt over two-week average daily volume of 8973 shares. The stock rose 1.04% to Rs.407.25. Volumes stood at 9534 shares in the last session.
AU Small Finance Bank Ltd witnessed volume of 2.85 lakh shares by 10:47 IST on BSE, a 2.42 times surge over two-week average daily volume of 1.18 lakh shares. The stock increased 5.21% to Rs.645.25. Volumes stood at 1.58 lakh shares in the last session.
Tata Communications Ltd saw volume of 45748 shares by 10:47 IST on BSE, a 2.4 fold spurt over two-week average daily volume of 19038 shares. The stock dropped 0.98% to Rs.1,582.20. Volumes stood at 28720 shares in the last session.
Varroc Engineering Ltd recorded volume of 19437 shares by 10:47 IST on BSE, a 2.3 times surge over two-week average daily volume of 8434 shares. The stock gained 1.75% to Rs.459.80. Volumes stood at 14420 shares in the last session.
Havells India Ltd saw volume of 1.56 lakh shares by 10:47 IST on BSE, a 2.27 fold spurt over two-week average daily volume of 68874 shares. The stock dropped 3.51% to Rs.1,606.30. Volumes stood at 37368 shares in the last session.
The investment will be made for further funding in entities involved in the existing Dubai Project. According to the company’s exchange filing, the investment will be structured through equity, preference shares, convertible securities, or debt, and will be infused in one or more tranches, based on the funding requirements for the Dubai Project. The infusion is expected to take place over the next 24 months.
As the transaction is between Sunteck Realty and its wholly owned subsidiary, it qualifies as a related party transaction but will be conducted on an arm's-length basis. The company also clarified that none of its promoters, promoter group, or group companies have any interest in this transaction.
SLIPL will remain a wholly owned subsidiary of Sunteck Realty following the investment.
The official announcement was made on Wednesday, 26 March 2025, after market hours.
Sunteck Realty (SRL) is one of India's leading luxury real estate developers. The company focuses on a city-centric development portfolio of about 52.5 million square feet spread across 32 projects.
The company reported a consolidated net profit of Rs 42.52 crore in Q3 FY25 as against net loss of Rs 9.73 crore in Q3 FY24. Revenue from operations stood at Rs 161.76 crore in the December 2024 quarter, registering a growth of 281.06% YoY.