Sunteck Realty stock check: Up 75% from 52-week low, should you invest in the stock now?

livemint.com:

Sunteck Realty. The stock hit its 52-week high of ₹485.95 earlier this week on October 16. Currently trading at ₹474.50, it has already advanced 75 percent from its 52-week low of ₹271.25, hit on June 23, 2023.

The stock has risen over 43 percent this year, giving positive returns in 6 of the 10 months so far. It has added 5 percent in October so far, following a 25 percent jump in September. It has surged the most in July, up 29 percent and shed the most in February, down 18 percent.

However, it has underperformed its benchmark in the last 1 year. The stock has gained around 24 percent in the last one year versus an almost 42 percent rally in the Nifty Realty index. Sunteck Realty reported a consolidated net loss of ₹6.73 crore during the quarter ended June 30, 2023.

Meanwhile, its consolidated total income fell over 40 percent to ₹88.41 crore in Q1FY24 from ₹148.71 crore last year. The company said that during the quarter, pre-sales grew by 16 percent year-on-year (YoY) to ₹387 crore, while collections remained strong at ₹288 crore. Its core earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin stood at 43 percent.

The company's net debt reached ₹264 crore, while the net debt-equity ratio stood at 0.09 times. In the September quarter, Sunteck Realty announced that its pre-sales grew 17.2 percent YoY to around ₹395 crore as demand momentum continued in the Mumbai Metropolitan Region (MMR) market. Meanwhile, for the first half of FY24, pre-sales witnessed a 16.7 percent YoY growth to ₹782 crore.

However, collections during the quarter were down 35 percent YoY and 26 percent QoQ to ₹210 crore. H1FY24 collections also dipped 19 percent YoY ₹500 crore. Meanwhile, the company also signed a pact with