Kolte-Patil Developers rises after Pabrai Group increases stake

Pabrai Group has increased stake in the company to 9.23% from 7.09% earlier, the company said.

Dec 20, 2019 05:12 IST India Infoline News Service

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Shares of Kolte-Patil Developers extended its rally in the morning trade on the BSE after Pabrai Group has increased stake in the company to 9.23% from 7.09% earlier.

Kolte Patil Developers Ltd is currently trading at Rs260.95, up by Rs8.6 or 3.41% from its previous closing of Rs252.35 on the BSE.

The scrip opened at Rs251 and has touched a high and low of Rs263.30 and Rs251 respectively.

The BSE group 'B' stock of face value Rs10 has touched a 52-week high of Rs288 on 27-Sep-2019 and a 52-week low of Rs196 on 05-Aug-2019. Last one week high and low of the scrip stood at Rs266.40 and Rs213.75 respectively.

The promoters holding in the company stood at 74.63 % while Institutions and Non-Institutions held 14.24 % and 11.13 % respectively.

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