Trending stock: This smallcap real estate company adds new projects with revenue potential of Rs 2,500 crore!

Shares of this company jumped more than 19 per cent in last one year.

Kolte-Patil Developers Limited has added multiple new projects in its portfolio. The company added two new residential projects in Pune with a total estimated saleable area of 1.9 million square feet and a top-line potential of Rs 1,300 crore. The company acquired 5-acre land in Wagholi, Pune. The project has as estimated developable potential of 7.5 lac sq. ft. and revenue potential of Rs 400 crore. The company also entered into a joint venture project at NIBM Road, Pune. The project has an estimated developable potential of 11.5 lac sq. ft. and revenue potential of Rs 900 crore. 

The company also marks its entry in the central suburbs of Mumbai and Navi-Mumbai micro-markets with signing two new society redevelopment projects with total saleable area of ~7.3 lakh sq. ft. with the top-line potential of Rs. 1,200 crore. 

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Today, the stock opened at Rs 268.75, with a high and low of Rs 275.20 and Rs 266.05. The stock previously closed at Rs 269.10. The stock closed trading at Rs 269.90, up by 0.30 per cent.      

The stock has a 52-week high of Rs 383.55 and a 52-week low of Rs 214.05. The company has a ROCE of 12.6 per cent and a ROE of 8.9 per cent with a market capitalisation of Rs 2051 crore.