Trending stocks: Kolte-Patil Developers shares rise over 2%

NEW DELHI: Shares of Kolte-Patil Developers Ltd. traded 2.35 per cent up in Friday's trade at 10:59AM (IST). Around 3,429 shares changed hands on the counter.

The counter opened at Rs 165.45 and touched an intraday high and low of Rs 166.25 and Rs 164.9, respectively, in the session so far. The stock of Kolte-Patil Developers Ltd. quoted a 52-week high of Rs 288.0 and a 52-week low of Rs 103.1.

Total market cap of the Kolte-Patil Developers Ltd. stood at Rs 1260.42 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 221.74 crore for the quarter ended 31-Mar-2020, up 70.32 per cent from previous quarter's Rs 130.19 crore and up 13.46 per cent from the year-ago quarter's Rs 195.44 crore.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 17.41 and a price-to-book ratio of 1.37. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Kolte-Patil Developers Ltd. belongs to the Real Estate industry.