Kolte-Patil Developers jumps after CRISIL reaffirms rating on bank facilities

Kolte-Patil Developers rose 9.87% to Rs 263.15 at 14:18 IST on BSE after CRISIL Ratings reaffirmed A+/Positive outlook on the company's long-term bank facilities worth Rs 600 crore.

The announcement was made after market hours yesterday, 31 December 2018.

Meanwhile, the S&P BSE Sensex was down 106.67 points, or 0.30% to 35,961.66.

On the BSE, 1.16 lakh shares were traded in the counter so far compared with average daily volumes of 7,710 shares in the past two weeks. The stock had hit a high of Rs 272 and a low of Rs 241.40 so far during the day. The stock hit a 52-week high of Rs 404.25 on 12 January 2018. The stock hit a 52-week low of Rs 207.30 on 1 October 2018.

 

On a consolidated basis, net profit of Kolte-Patil Developers declined 62.85% to Rs 11.19 crore on 45.55% decline in net sales to Rs 211.04 crore in Q2 September 2018 over Q2 September 2017.

Kolte-Patil Developers is a real estate company headquartered in Pune.

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