Welcoming the RBI's decision to cut repo rate by 25 bps ahead of the February 3 policy, Sujay Kalele, Group CEO, Kolte-Patil Developers, said he sees borrowing cost coming down.
Kolte-Patil Developers plans to launch 6-8 million square feet of projects this year and is confident of achieving target of 12 million square feet in FY15-17, said its Group CEO Sujay Kalele.
Welcoming the RBI's decision to cut repo rate by 25 bps ahead of the February 3 policy, Kalele said he sees borrowing cost coming down.
More to follow
Kolte-Patil stock price
On January 15, 2015, at 14:09 hrs Kolte-Patil Developers was quoting at Rs 194.40, up Rs 9.00, or 4.85 percent. The 52-week high of the share was Rs 220.95 and the 52-week low was Rs 70.90.
The company's trailing 12-month (TTM) EPS was at Rs 5.18 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 37.53. The latest book value of the company is Rs 99.56 per share. At current value, the price-to-book value of the company is 1.95.
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