Puravankara Projects is currently trading at Rs. 86.40, up by 4.80 points or 5.88% from its previous closing of Rs. 81.60 on the BSE.
The scrip opened at Rs. 83.10 and has touched a high and low of Rs. 89.80 and Rs. 82.15 respectively. So far 79771 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. 89.80 and Rs. 79.50 respectively. The current market cap of the company is Rs. 1968.34 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 18.86% and 6.14% respectively.
Puravankara Projects has entered into a Joint Development Agreement (JDA) to develop a 2-acre land parcel owned by Maharashtra Steel Rolling Mills in Bhandup suburb of Mumbai. The company is planning to develop a residential project, which marks its re-entry into Mumbai. The company estimates top line of approximately Rs 400 cores.
The realty major and its subsidiary Provident Housing have earlier entered into a partnership with 99acres.com to offer online booking services for their homes.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad and Mysore. The company has 25.52 million square feet of projects under development with additional 79.83 million square feet in projected development over the next 7 -10 years.
