Kalpataru gains on signing cluster redevelopment project in Kandivali East
Kalpataru is currently trading at Rs. 336.95, up by 4.05 points or 1.22% from its previous closing of Rs. 332.90 on the BSE.
The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 345.00 and Rs. 332.80 respectively. So far 2596 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.10 on 09-Jul-2025 and a 52 week low of Rs. 256.65 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 409.00 and Rs. 311.00 respectively. The current market cap of the company is Rs. 6954.75 crore.
The promoters holding in the company stood at 81.34%, while Institutions and Non-Institutions held 14.38% and 4.27% respectively.
Kalpataru has signed a large cluster redevelopment project comprising of five adjacent societies in Ashok Nagar, Kandivali East, Mumbai (Ashokgram Cluster). The project spans around 2.8 acres of prime land with a free sale potential of around 0.37 msf carpet area and estimated Gross Development Value (GDV) of around Rs 1,250 crore.
Building on its deep roots in Kandivali East where Kalpataru has already delivered six landmark developments - namely Kalpataru Jharokha, Kalpataru Vatika, Kalpataru Gardens, Kalpataru Tower, Kalpataru Avenue and Kalpataru Vienta; this project further reinforces its leadership and presence in the locality. With a legacy spanning more than five decades, Kalpataru stands as a pioneer in Mumbai’s redevelopment landscape. Following the announcement of a significant Rs 1,400 crore redevelopment project in Andheri East earlier this March, the company continues to expand its portfolio and strengthen its presence within Mumbai’s key micro-markets.
