Kolte-Patil Developers jumped 5.81% to Rs 326.5 after PGIM India Mutual Fund acquired 5 lakh equity shares of the company via bulk deal on Monday, 20 September 2021.
PGIM India Mutual Fund bought 5,00,000 equity shares (or 0.65% stake) of Kolte-Patil at an average price of Rs 314.36 per equity share via bulk deals on the NSE yesterday, 20 September 2021. The total amount invested is Rs 15.71 crore.Shares of the real estate developer extended their winning run to second trading session. The counter added nearly 8% in two days.
Kolte-Patil Developers is a real estate company with dominant presence in the Pune residential market. On a consolidated basis, the company posted a net profit of Rs 29.5 crore in Q1 FY22 as compared to a net loss of Rs 26.98 crore in Q1 FY21. Net sales jumped 40% to Rs 197.31 crore in Q1 FY22 over Q1 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app