Kolte-Patil surges on new re-development projects - The New Indian Express

Kolte-Patil surges on new re-development projects

Published: 18th February 2014 12:19 PM

Last Updated: 18th February 2014 12:19 PM

Kolte-Patil Developers gained on Tuesday after the company expanded its presence in Mumbai by signing two new re-development projects in Western suburbs.

The two new projects come close on the heels of the company announcing its first re-development project on Khar-Linking Road in August 2013.

Sujay Kalele, chief executive officer, Kolte-Patil Developers said, "We are overwhelmed on bagging these two projects in Mumbai, which helps the company to broaden its horizon further. We'll continue to further concentrate in Mumbai through redevelopment and we are eyeing many more such projects."

Shares of the company gained Rs 2.45, or 3.44%, to trade at Rs 73.70. The total volume of shares traded was 39,014 at the BSE (11.36 a.m., Tuesday). The scrip has touched an intra-day high of Rs 74.30 and low of Rs 71.60. The total volume of shares traded at the BSE is 39,014.In the earlier session, the shares lost 3.32%, or Rs 2.45, at Rs 71.25.Currently, the stock is trading down 33.39% from its 52-week high of Rs 110.65 and above 49.19% over the 52-week low of Rs 49.40.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 77.80 (1.00) (1.29) 1 Month 90.95 (14.15) (15.56) 3 Months 84.60 (7.80) (9.22) 6 Months 111.85 (35.05) (31.34) 1 Year 38.65 38.15 98.71 Note: Based on previous day closing price.

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