Time Technoplast Ltd, IDBI Bank Ltd, Bharat Heavy Electricals Ltd and L&T Finance Holdings Ltd are among the other gainers in the BSE's 'A' group today, 25 August 2022.

Kolte Patil Developers Ltd spiked 13.24% to Rs 312.55 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 29800 shares were traded on the counter so far as against the average daily volumes of 11016 shares in the past one month.

Time Technoplast Ltd surged 11.75% to Rs 119.4. The stock was the second biggest gainer in 'A' group. On the BSE, 8.58 lakh shares were traded on the counter so far as against the average daily volumes of 1.93 lakh shares in the past one month.

IDBI Bank Ltd soared 9.22% to Rs 43.85. The stock was the third biggest gainer in 'A' group. On the BSE, 44.51 lakh shares were traded on the counter so far as against the average daily volumes of 11.69 lakh shares in the past one month.

Bharat Heavy Electricals Ltd advanced 8.64% to Rs 57.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 87.21 lakh shares were traded on the counter so far as against the average daily volumes of 16.1 lakh shares in the past one month.

L&T Finance Holdings Ltd spurt 8.27% to Rs 81.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 22.23 lakh shares were traded on the counter so far as against the average daily volumes of 3.77 lakh shares in the past one month.

Powered by Capital Market - Live News

Net profit of Kolte Patil Developers declined 28.03% to Rs 21.23 crore in the quarter ended June 2022 as against Rs 29.50 crore during the previous quarter ended June 2021. Sales rose 1.42% to Rs 200.11 crore in the quarter ended June 2022 as against Rs 197.31 crore during the previous quarter ended June 2021.

Powered by Capital Market - Live News

Kolte Patil Developers announced the acquisition of Pune based Sampada Realities. Under this acquisition, Kolte Patil has acquired residential development potential of ~2.5 Million Sq.ft. at Kiwale in Pune.

The transaction entails the acquisition of ~ 85% equity shares in Sampada Realities on an immediate basis with the balance ~15% stake to be acquired in due course. With this transaction, Kolte Patil has committed an aggregate total investment of ~ Rs 120 crore to be paid over a period of time.

Sampada Realities comprises of only one residential real estate project on ~ 25 acres of land parcel at Kiwale in Pune to be developed in a phased manner. The development represents a revenue opportunity of over ~ Rs 1,400 crore for Kolte Patil.

Powered by Capital Market - Live News

Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 12 August 2022.

Powered by Capital Market - Live News