Sunteck Realty's stock price increased significantly after the Goods and Services Tax (GST) authorities dropped a tax demand of approximately Rs 5.99 crore. The demand, related to Transferable Development Rights transactions for FY22, was nullified with interest and penalties. Sunteck Realty had argued the demand lacked merit, stating GST was already paid by the supplier and that the computation was erroneous. The company, a luxury real estate developer, reported a 41.4% jump in net profit for Q2 FY26.