/ Kolte-Patil Surges Over 7%, Post Good Q3 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 3 February 2017


Kolte-Patil zoomed at lunch hours in Friday's trading session. The stock surged over 7% which can be attributed to a good Q3FY17 performance.

Kolte-Patil posted a consolidated net profit at Rs 18.1 crore vs Rs 13.9 crore (YoY). Company’s net profit is up by 30.2%. Consolidated net income is up by 26.8% at Rs 226.8 crore vs Rs 178.5 crore (YoY) and Consolidated EBIDTA is up by 17.1% at Rs 55.4 crore vs Rs 47.3 crore (YoY).

Kolte-Patil, a construction & contracting company is functional in the real estate sector. Its current market capitalisation stands at Rs 819.51 crore. The stock has delivered a return of 1.75% over a period of one year and has underperformed the BSE Small-cap index and the BSE Realty index over the same time span. Kolte Patil Developers Ltd is currently trading at Rs 107, up by Rs 4.2 or 4.09% from its previous closing of Rs 102.8 on the BSE.

The scrip opened at Rs 103.5 and has touched a high and low of Rs 112.5 and Rs 102 respectively. So far 2287905(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 778.92 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 153 on 20-May-2016 and a 52 week low of Rs 78.75 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 109.5 and Rs 92.7 respectively.

The promoters holding in the company stood at 74.54 % while Institutions and Non-Institutions held 10.16 % and 15.3 % respectively. The stock is currently trading above its 200 DMA.

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