New Delhi, May 6 -- Sunteck Realty shares are projected to have a potential upside of over 60%, based on an analysis by domestic brokerage Prabhudas Lilladher (PL Capital). Although the brokerage has reduced its target price for Sunteck Realty from Rs.700 to Rs.650, it anticipates a surge in the stock in the near future. Sunteck Realty shares today were trading nearly 1% lower at Rs.398.10 apiece around 13:13 IST.

PL Capital forecasts a growth of over 20% CAGR in the company's presales during FY25-27E, supported by ongoing projects and a robust pipeline of new launches, including the Dubai joint venture project. Additionally, considering the expected strong cash flow generation, the brokerage predicts that Sunteck Realty will increase it...