5. Buy Kolte Patil Developers Ltd at Rs.101.50, T: Rs.115. SL: Rs.96. According to.the analysts the company is likely to gain from the Budget proposal, to accord infrastructure status to affordable housing.
Pune-based realty developerKolte-Patil Developers has reported 30% on-year rise in net profit at Rs 18 crore for the quarter ended December. Revenue for the quarter rose 27% to Rs 226.4 crore, the company said in its earnings release.
During the quarter, the company reported new sales bookings of 0.32 million sq ft against 0.52 million sq ft a year ago and 0.57 million sq ft in the previous quarter. The value of area sold during the quarter stood at Rs 195 crore as against Rs 304 crore a year ago and Rs 329 crore in the preceding quarter.