Kolte Patil Developers rises on selling 0.93 million square feet area in Q1FY24
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Kolte-Patil Developers is currently trading at Rs. 388.85, up by 3.65 points or 0.95% from its previous closing of Rs. 385.20 on the BSE.
The scrip opened at Rs. 379.00 and has touched a high and low of Rs. 399.30 and Rs. 379.00 respectively. So far 6618 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 402.00 on 10-Jul-2023 and a 52 week low of Rs. 231.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 402.00 and Rs. 362.50 respectively. The current market cap of the company is Rs. 2912.11 crore.
The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 6.11% and 19.45% respectively.
Kolte Patil Developers has sold 0.93 million square feet area during April- June 2023-24 (Q1FY24) as against 0.61 million square feet area in the year-ago period i.e. up by 52%. Sales value stood at Rs 701 crore in Q1FY24, rise by 58%, compared to Rs 445 crore in Q1FY23. The collections grew by 8% during Q1FY24 to Rs 513 crore as compared to Rs 474 crore in Q1FY23.
Kolte Patil Developers is a leading real estate company.
