Shares of real estate companies have moved higher by up to 7 per cent on the bourses after the finance minister Arun Jaitley declared slew of measures for the realty sector. At 01:01 pm; Nifty Realty index, the largest gainer among sectoral indices, was up 3 per cent as compared to 0.50 per cent rise in the Nifty 50 index. Kolte-Patil share price is currently trading at Rs. 104.10, up by 10.60 points or 11 per cent from its previous closing of Rs. 93.50 on the NSE. The scrip opened at Rs. 94.90 and has touched a high and low of Rs. 109.70 and Rs. 94.70 respectively. So far 37,42,248 shares are traded on the counter with a traded value of Rs. 3,832.44 lacs, as per NSE. Kolte-Patil Developers and Ashiana Housing, Ansal Housing & Constructions, Ganesh Housing Corporation from the non-index stocks went up in the range of 5 per cent to 16 per cent on the NSE. Arun Jaitley in his Budget speech on 1 February 2017 said that affordable housing to be given infrastructure status. The National Housing Finance will insure houses, Jaitley said. The real estate sector was among the most hit sectors because of the recent government's demonetization drive banning higher denomination bank notes. The 52 week high of Kolte-Patil share price is observed at Rs 956 151.30 (04-JUL-16) while the 52 week low is seen at Rs. 78.40 (27-DEC-16). The Average Daily Movement of the stock is 5.36 and its average volume for last 20 days is 517847. The stock yields 12.37 per cent monthly returns and has a book value of Rs. 11.39. Kolte Patil is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels. For further details on the stock, refer to Kolte Patil share price history.
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