Kolte-Patil shares gain 6.2% as a technical note turns bullish

Shares of Kolte-Patil Developers rose 6.24% on 26 October 2026 after MarketsMojo, a stock research firm, moved its technical view of the Pune-based realty company from mildly bullish to bullish. MarketsMojo put the close at ₹458.00 against a previous close of ₹431.10, with an intraday range of ₹414.85 to ₹470.20. The company made no announcement on the day.

What the technical note says

MarketsMojo based its view on moving averages, Bollinger Bands, a positive monthly MACD and a rising on-balance-volume trend. It said these signals point to possible gains over the medium to long term. The same note flagged a bearish weekly RSI and mixed readings from other momentum indicators, and it advised caution. The firm gave the stock a Mojo Score of 61.0 with a Hold grade, which it said was an upgrade from Strong Sell on 9 January 2026. The note carries an 8.00 am IST timestamp, before the session opened, so its closing figure is MarketsMojo's own and not an exchange-verified close. At ₹458.00 the stock was above its 52-week low of ₹292.55 and below its 52-week high of ₹556.65.

The company's recent numbers

The move follows a run of company updates. In the first quarter of FY27, Kolte-Patil reported a consolidated net profit of ₹146.3 crore, against a consolidated net loss of ₹17 crore in the same quarter a year earlier. Pre-sales were ₹617 crore, collections rose 30% year on year to ₹715 crore, and average realisation rose 29% to ₹9,442 per square foot.

The full-year picture is weaker. For FY26 the company reported a consolidated net loss of ₹380.8 crore, against a profit of ₹1,093.3 crore in FY25. Revenue fell to ₹734.96 crore from ₹1,717.38 crore.

Other announcements this year include a 10 September launch update for Vyana at The Reserve in Vadgaon, Pune. The company said more than 600 apartments were booked and sales exceeded ₹600 crore within 60 hours of launch. The Reserve is a 20-acre project with an expected gross development value of ₹4,000 crore, to be developed in multiple phases. On 6 August the company announced the signing of six projects in the Mumbai Metropolitan Region with a gross development value of ₹6,000 crore. In January it signed a joint development deal for a Pune project in the Bhugaon micro-market with a gross development value of ₹850 crore.

Ownership and what investors will watch

Blackstone entered the shareholding in 2025. The deal, announced in March 2025, covered a 40% stake for ₹1,166 crore. It comprised a preferential allotment of 14.3% for ₹417.03 crore at ₹329 per share, and the purchase of 25.7% from the promoter group. Blackstone later launched an open offer to acquire up to 26% from public shareholders for ₹758.56 crore. The company has said Hrishikesh Parandekar took over as chief executive effective 24 August 2026.

The company trades on the NSE as KOLTEPATIL and on the BSE under code 532924. The 26 October move reflects a chart-based view, not a change in reported numbers. Pre-sales are bookings rather than recognised revenue, so they reach the profit line only as construction progresses. Investors are likely to watch whether the Vyana and Mumbai pipeline converts into revenue in future results, and whether the stock holds its recent range. The company has not announced a dated event tied to the 26 October move.