Kolte-Patil acquires two redevelopment projects in Mumbai Metropolitan Region
The two acquired projects are located in Dahisar and Versova. This has taken the company's footprint in MMR to a total of 15 housing projects.
Source: hindustantimes.com
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Realty stocks' rally may hit valuation hurdle
Shares of real estate firms have been outperforming over the past year. The rally, analysts say, may hit roadblocks in the near term amid stretched valuations, even as the long-term prospects for the sector remain ebullient. 'Most of the positive news flow is already in the price. Hence, investors sitting on hefty profits may partially cash out at current levels,' suggests V K Vijayakumar, chief investment strategist at Geojit Financial Services.
Source: rediff.com
Sobha, Vakrangee, Reliance Power among top gainers on BSE during Thursday's session
Real Estate major Sobha was shy of its upper circuit limit of 20 per cent. The realty firm gained over 19.9 per cent to Rs 1338.95 during the session.
Source: businesstoday.in
Stocks in news: Dr Reddy's, Alkem Labs, Cochin Shipyard, IDFC First Bank, Torrent Power
Three promoter entities cumulatively sold around 3% stake in Kolte-Patil Developers for Rs 111 crore through the open market on Friday.
Source: indiatimes.com
Bulk Deals | Promoters offload 3% stake in Kolte-Patil Developers; Canara Robeco MF, others picks 2.6% in Innova Captab
Promoters sold 22,80,132 equity shares worth Rs 110.8 crore in Kolte-Patil Developers.
Source: moneycontrol.com