Pune developer Kolte-Patil fixed its house and made profits when most others are struggling. Now it has drawn up a plan to enter the top league
The project that cost the company Rs 350 crore has been accrued by taking a loan of Rs 60 crore. However, all of it has been factored in the earlier quarters and hence, there is no incremental loan for the company, explains Sujay Kalele, chief executive officer, Kolte-Patil Developers.
Dilip Bhat, Joint MD, Prabhudas Lilladher is bullish on Larsen and Toubro, IT stocks like Wipro, Infosys, madcap names like KPIT Technologies and MindTree. He is also positive on Cummins India and United Phosphorus.
Sujay Kalele, Group CEO, Kolte-Patil Developers, expects average realisation to be Rs 5,200-Rs 5,400 per sq ft for the entire financial year.
Despite the challenging environment, the company posted strong numbers in Q2. Speaking to CNBC-TV18 on the same, Kalele says realisations were delayed due to slow construction activities.
Kunal Bothra of LKP recommends buying BF Utilities with a target of Rs 176 and Kolte-Patil Developers with a target of Rs 76.
Sujay Kalele, Group CEO, Kolte-Patil Developers, says Pune is a stable market and they are targeting Rs 900 crore revenue realisation for FY14.
Kolte-Patil Developers has reported a sales turnover of Rs 216.34 crore and a net profit of Rs 26.40 crore for the quarter ended Jun '13
Kolte-Patil Developers has reported a sales turnover of Rs 209.93 crore and a net profit of Rs 45.06 crore for the quarter ended Mar '13
The company has improved on margins this quarter substantially, says Sujay Kalele, Group CEO, Kolte-Patil Developers. Talking to CNBC-TV18, he says the net profit for the quarter stands at about Rs 45 crore, as against Rs 30 crore in the previous quarter.
Firstcall Research is bullish on Kolte-Patil Developers and has recommended buy rating on the stock with a target of Rs 100 in its March 30, 2013 research report.
Realty firm Kolte-Patil Developers (KPDL) today said it has bought out foreign investor Epsilon Investments's 49 per cent stake each in subsidiaries - Oakwoods Hospitality and Jasmine Hospitality - for a total sum of Rs 65.62 crore.
Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one should exit Kolte-Patil Developers.
Shardul Kulkarni, Angel Broking is of the view that Kolte-Patil Developers has strong support at Rs 90-95.
Kolte-Patil Developers has reported a sales turnover of Rs 225.43 crore and a net profit of Rs 38.86 crore for the quarter ended Dec '12
Sujay Kalele, Group CEO, Kolte Patil Developers, says that the execution has even surprised the company and the sales takeoff also remains healthy in the markets that the company operates. The company has sold around 2.2 million square feet which totals to about Rs 1,000 crore.
Pune-based real estate firm Kolte-Patil Developers has touched more than four and half years' high on Monday after stellar performance in the third quarter of FY13.
GVK Power & Infrastructure has target of Rs 17-18, says Sudarshan Sukhani of s2analytics.com.
Technical analyst, Sudarshan Sukhani, s2analytics.com says although the market did not close stronger yesterday, the trend does not change.Since the Nifty is still marking time, positions traders can stay long. â€œWe still have to be long,â€ he suggests.
Kolte-Patil Developers may test Rs 122, says Anil Manghnani, Modern Shares & Stock Brokers.
Pune-based real estate company Kolte-Patil Developers dropped as much as 4 percent intraday on Tuesday, losing some of previous day's gains after revision in circuit filter.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, sharmilajoshi.com shares trading strategy of the day.