Kalpataru shares experienced a notable increase on March 13, 2026, as the real estate developer announced a new redevelopment project in Andheri West, Mumbai. This development comes amidst a generally weak market environment.
The announcement of a prestigious redevelopment project at Shree Mahalakshmi CHS in Andheri West, Mumbai, has driven the upward movement in Kalpataru's share price. The project covers 3 acres of prime land with a potential 0.4 msf carpet area and an estimated Gross Development Value (GDV) of ₹1,400 crore.
Strategically located off Veera Desai Road, the project is set to benefit from excellent connectivity and a well-developed ecosystem. The area is known for its established social infrastructure, including schools, healthcare facilities, retail destinations, and business districts.
Following the project announcement, Kalpataru's share price surged by 9.97% to ₹329 per share on the BSE, just ₹0.5 below its upper price band of ₹329.05. By 09:27 AM, shares were trading at ₹328.90 on the NSE, up 9.94% from the previous close of ₹299.15.
The benchmark BSE Sensex, however, was down by 638 points, or 0.84%, at 75,396, reflecting the overall weak market sentiment.
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A total of 4,00,000 equity shares of Kalpataru, valued at approximately ₹11.8 crore, were traded on the BSE and NSE. The company's market capitalisation stood at ₹6,745.74 crore.
Kalpataru shares have a 52-week range of ₹458.10 to ₹282.10 on the BSE, indicating significant volatility over the past year.
As of March 13, 2026, at 10:55 AM, Kalpataru share price on NSE was trading at ₹327.65 up by 9.40% from the previous closing price.
Kalpataru's recent share price increase highlights the positive market reaction to its redevelopment project in Mumbai. Despite the overall weak market conditions, the company's strategic focus on redevelopment opportunities has garnered significant investor interest.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 13, 2026, 11:18 AM IST
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