India's Keystone Realtors falls on lower Q1 pre-sales
13/07/2026 06:32
BUZZ-India's Keystone Realtors falls on lower Q1 pre-sales ** Shares of real estate developer Keystone Realtors KEYS.NS down 0.5% at 422.05 rupees, paring back from 4.3% drop earlier
** Co says Q1 pre-sales fall 42% YoY to 6.17 billion rupees, while collections rise 4% YoY to 5.99 billion rupees
** Co has a robust pipeline over coming quarters to support its objective of achieving pre-sales guidance of 50 billion rupees for FY27 - ICICI Direct Research
** New business developments in Q1 reinforces its leadership in Mumbai's redevelopment segment and more particularly in the Cluster redevelopment segment while also expanding its presence in the plotted development space, the brokerage says
** YTD, stock down 19.9%
(Reporting by Mridula Kumar in Bengaluru)
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