Puravankara Projects is currently trading at Rs. 66.35, up by 2.85 points or 4.49% from its previous closing of Rs. 63.50 on the BSE.
The scrip opened at Rs. 66.45 and has touched a high and low of Rs. 66.85 and Rs. 64.40 respectively. So far 1610 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 114.20 on 25-Sep-2014 and a 52 week low of Rs. 58.15 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 68.40 and Rs. 62.75 respectively. The current market cap of the company is Rs. 1581.79 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 17.24% and 7.76% respectively.
Puravankara Projects is planning capital expenditure of Rs 1,000 crore during FY16. The company has planned a number of projects across several major cities, including Bengaluru, Pune, Mumbai and Hyderabad. The company is poised to work on a new project close to the PV Narasimha Rao Expressway (Outer Ring Road) in Hyderabad under its Provident brand.
Recently, the company, as part of its Vision 2020 Growth Strategy identified Hyderabad as one of the core markets over the next 5 years. The stable socio-political environment and the pro-growth outlook of the policy makers in the city, is expected to trigger a multi-year economic growth and boost the Hyderabad market.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.
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