Meanwhile, the S&P BSE Sensex was down 266.96 points or 1.37% at 19,196.86.
On BSE, 20,000 shares changed hands in the counter as against average daily volume of 84,932 shares in the past one quarter.
The stock hit a high of Rs 79.50 and a low of Rs 76.70 so far during the day. The stock had hit a 52-week low of Rs 37.70 on 30 August 2012. The stock had hit a 52-week of Rs 136.35 on 21 January 2013.
The stock had underperformed the market over the past one month till 2 July 2013, sliding 8.18% compared with the Sensex's 1.5% fall. The scrip had also underperformed the market in past one quarter, declining 16.96% as against Sensex's 2.22% rise.
The small-cap company has equity capital of Rs 75.77 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 1.85% based on the closing price of Rs 80.80 on Tuesday, 2 July 2013.
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Kolte-Patil Developers' (KPDL) consolidated net profit surged 237% to Rs 45.06 crore on 132.8% growth in net sales to Rs 203.20 crore in Q4 March 2013 over Q4 March 2012.
KPDL, headquartered at Pune is a real estate developer involved in residential, commercial, IT & integrated township projects.
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