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    Buy Kolte-Patil Developers, target price Rs 350: HDFC Securities

    Synopsis

    Kolte-Patil Developers Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Project Management Fees for the year ending 31-Mar-2022.

    buyAgencies
    Promoters held 74.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.98 per cent, DIIs 3.72 per cent.
    HDFC Securities has buy call on Kolte-Patil Developers with a target price of Rs 350. The current market price of Kolte-Patil Developers is Rs 342.85.

    Kolte-Patil Developers Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 2612.65 Crore) operating in Real Estate sector.

    Kolte-Patil Developers Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Project Management Fees for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 204.37 Crore, down -46.36 % from last quarter Total Income of Rs 380.99 Crore and up 1.50 % from last year same quarter Total Income of Rs 201.35 Crore. Company reported net profit after tax of Rs 26.33 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 74.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.98 per cent, DIIs 3.72 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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