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Puravankara Projects strengthens on entering into prime land deal in Pune

26 Nov 2014

Puravankara Projects is currently trading at Rs. 94.80, up by 3.30 points or 3.61 % from its previous closing of Rs. 91.50 on the BSE.

The scrip opened at Rs. 92.20 and has touched a high and low of Rs. 96.80 and Rs. 91.00 respectively. So far 27041 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. 99.95 and Rs. 89.40 respectively. The current market cap of the company is Rs. 2180.59 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 entered into a landmark Joint venture deal of approximately 30 acres of prime residential land in Mundhwa, east Pune. This Joint venture arrangement, which was structured by JLL India's Capital Markets division, will yield an expected 2 million square feet of prime residential space.

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:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323