Scrip: - Kolte Patil developers Ltd.
BSE Code: - 532924
CMP: - 62
Target: - 100
52 weeks H/L: - 272.00 / 45.00
Summary: - Kolte Patils IPO came just a year ago. Its issue price was Rs. 140. At CMP this scrip looks attractive as it has bottomed our like anything. This is a Pune based company with its majority of its project in the same city. This scrip has come down due to reality bomb in Indian markets. With good fundamentals this is the one which is attracting me.
Financial : - Its EPS is 17.13 is one of the major reason why I am bullish on this scrip. The current valuation of this scrip is undervalued. It at not this range one should accumilate this scrip at around 50 levels. When the scrip was above 200 its PE was well above 10. We can expect this happen all over again.
Key Positive: - Its majority of projects are in Pune which comes in Tire 2 city which means lots of development can take place. Its has also entered UAE markets. Reality prices are touching all time highs
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