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Umang Bhutada

9th Aug · SEBI-Registered Analyst

Kolte-Patil Developers – Breakout Watch

KOLTEPATIL
Important Levels: Support: ₹425 – ₹415 Resistance: ₹460 – ₹485 Structure: Strong momentum after major project-development announcement Business: Real-estate developer with exposure to residential and redevelopment projects. Increasing focus on the Mumbai Metropolitan Region alongside its established Pune presence. Earnings / Trigger: Kolte-Patil announced six redevelopment projects in the MMR with an estimated ₹6,000 crore GDV, including projects in areas such as Santacruz West and Andheri West. The stock subsequently showed strong momentum and closed Friday around ₹445.10. Verdict: 👉 Real-estate momentum candidate 👉 Watch ₹460–₹485 for breakout confirmation

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