Puravankara Projects is currently trading at Rs. 76.15, up by 0.25 points or 0.33% from its previous closing of Rs. 75.90 on the BSE.
The scrip opened at Rs. 73.90 and has touched a high and low of Rs. 78.00 and Rs. 73.90 respectively. So far 2201 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 118.80 on 29-Mar-2011 and a 52 week low of Rs. 54.15 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 81.00 and Rs. 68.50 respectively. The current market cap of the company is Rs. 1641.23 crore.
The promoters holding in the company stood at 89.96% while Institutions and Non-Institutions held 8.60% and 1.44% respectively.
Puravankara Projects is mulling to raise Rs 150 crore via sale of non-convertible bonds (NCBs) in order to build a housing project in Bangalore and also for the repayment of debt. Puravankara expects to pay 17% interest rate to investors. This is the second such bonds sale by the company since April, when the Bangalore-based developer had raised the same amount at 16% to fund the development of its 54-acre Purva Windermere residential project in Chennai.
Recently, Puravankara Projects wholly owned subsidiary, Provident Housing launched their project, Provident Harmony, in Bengaluru on January 07, 2012. This property is located in Chokkanahalli, off Thanisandra road in Bangalore and spread over 7 acres of land area.
Since inception, Puravankara has worked on values like uncompromising business ethos, focused customer centric approach, robust engineering and in house Research and Development has created the leading real estate brand.
