Puravankara Projects soars on launching residential project ‘Purva Evoq’ in Chennai

20 Oct 2014

Puravankara Projects is currently trading at Rs. 98.80, up by 2.10 points or 2.17% from its previous closing of Rs. 96.70 on the BSE.

The scrip opened at Rs. 98.80 and has touched a high and low of Rs. 98.80 and Rs. 98.80 respectively. So far 297 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. 101.60 and Rs. 95.50 respectively. The current market cap of the company is Rs. 2293.24 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 21.01% and 3.99% respectively.

Puravankara Projects has launched ‘Purva Evoq’, a first-of-its kind contemporary residential project at Chennai’s prime location Guindy. Purva Evoq is an architectural marvel, whose facade is designed by a renowned international architectural firm from Germany taking inspiration from the Chettinad architecture of south India, and cloaking it with modern day luxuries. The project is estimated to add Rs 450 crore to the revenues of the company.

Purva Evoq has 181 premium homes in 3, 4 and 5 BHK formats that will have contemporary design ideas to blend with the grandeur of the architecture in the project. When fully occupied, the collective financial wealth of the residents is estimated to be in upwards of half a billion dollar amounting Rs 3,000 crore, making it possibly one of the wealthiest residential enclaves in Chennai.

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.

 

Related Puravankara Ltd. Links:

Puravankara Share Price

61.20 1.05 (1.75%) Nov 15, 18:01
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Company Name CMP
Dilip Buildcon 397.95
NBCC (India) 37.40
Sobha 396.35
DLF 211.75
JMC Projects (India) 106.25
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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