India's Kolte-Patil Developers rises to a week-high on 28% jump in Q3 sales

Kolte-Patil Developers

13/01/2023 04:44

** Shares of Kolte-Patil Developers  KOLT.NS  up as much as
3.1% to 270 rupees, highest in a week
    ** Stock set to rise for second straight session
    ** Real estate company says its Q3 sales at 7.16 billion
rupees ($87.97 million), up 28% y/y
    ** Q3 sales volumes at 1.13 mln. sq. ft, up 31% y/y
    ** The Moving Average Convergence Divergence (MACD) line is
above the signal line, suggesting bullish bias - Refinitiv data
    ** More than 152,468 shares change hands by 9:58 a.m. IST vs
1.3x 30-day avg of 113,683 shares
    ** KOLT traded most since Dec. 30
    ** Stock fell 7.9% last year
($1 = 81.3900 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))