Puravankara is currently trading at Rs. 68.00, up by 0.05 points or 0.07% from its previous closing of Rs. 67.95 on the BSE.
The scrip opened at Rs. 67.30 and has touched a high and low of Rs. 68.65 and Rs. 66.70 respectively. So far 6182 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 182.00 on 22-Dec-2017 and a 52 week low of Rs. 53.20 on 01-Oct-2018.
Last one week high and low of the scrip stood at Rs. 73.50 and Rs. 64.55 respectively. The current market cap of the company is Rs. 1612.62 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.61% and 8.39% respectively.
Puravankara’s wholly owned subsidiary -- Provident Housing (PHL) has entered into a share purchase agreement and purchased 60% of the Paid up Equity Share Capital of DV Infrhomes (DVIPL) to make it a subsidiary of PHL and whereby a step down subsidiary of the company. The cost of acquisition at which the shares are acquired is Rs 60,000.
The acquisition has been made with an intent to develop a project which involve construction of a rehabilitation building and the development and construction of approximately one tower for free sale on the land owned by DVIPL.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
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