Puravankara shines after its sales value logs 2- fold jump in Q1FY24
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Puravankara is currently trading at Rs. 104.03, up by 9.82 points or 10.42% from its previous closing of Rs. 94.21 on the BSE.
The scrip opened at Rs. 93.75 and has touched a high and low of Rs. 105.49 and Rs. 93.75 respectively. So far 104460 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 116.35 on 12-Sep-2022 and a 52 week low of Rs. 59.35 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 105.49 and Rs. 92.09 respectively. The current market cap of the company is Rs. 2465.88 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.06% and 7.94% respectively.
Puravankara has reported sales value of Rs 1,126 crore in Q1FY24 as compared to Rs 513 crore in Q1FY23, i.e. reported 2- fold jump. In Q4FY23, sales value stood at Rs 1,007 crore. The company's sales bookings in volume terms rose 97% to 1.36 million square feet during Q1FY24, from 0.69 million square feet in Q1FY23. Average price realization increased by 11% to Rs 8,277/sft during Q1FY24 from Rs 7,436/sft in Q1FY23.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
