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Puravankara Projects gains on plans to invest Rs 1,000 crore in FY15 on housing projects

11 Aug 2014 Evaluate

Puravankara Projects is currently trading at Rs. 84.50, up by 2.40 points or 2.92 % from its previous closing of Rs. 82.10 on the BSE.

The scrip opened at Rs. 85.30 and has touched a high and low of Rs. 87.50 and Rs. 84.30 respectively. So far 51491 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 133.90 on 11-Jul-2014 and a 52 week low of Rs. 50.00 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 110.00 and Rs. 78.65 respectively. The current market cap of the company is Rs. 2002.73 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 20.85 % and 4.15 % respectively.

Puravankara Projects is planning to invest Rs 1,000 crore in FY15 on construction of its housing projects. The company has already invested Rs 235 crore in the first quarter of this fiscal. The Bangalore-based company is also aiming to launch 18 million sq ft of new projects this fiscal, of which 10 million sq ft will be under its affordable housing brand ‘Provident’.

Further, the company is targeting to cut external net debt by about Rs 250 crore by March next year on improved sales. The net external debt of the company stood at Rs 1,266 crore at the end of the June quarter.

Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in the United Arab Emirates, Kingdom of Saudi Arabia and Sri Lanka. The company has successfully completed 41 residential and 2 commercial projects encompassing 16.52 million square feet.

Puravankara Share Price

225.55 0.15 (0.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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