India's Kolte-Patil Developers jumps on higher Q2 collection, sales value

Kolte-Patil Developers

17/10/2024 05:20

** Shares of Kolte-Patil Developers Ltd  KOLT.NS  rise as
much as 12.1% to 439.9 rupees
    ** Real estate co says Q2 collections rose 16% y/y to 5.5
bln rupees ($65.5 mln), sales value up 22% y/y
    ** Stock on track for second straight weekly gain, up 11.7%
for the week so far
    ** More than 2 mln shares traded as of 9:40 a.m. IST, 7.5x
times their 30-day moving avg
    ** KOLT last up 10.7%; fell 11.5% YTD 


($1 = 84.0125 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))