Puravankara surges on reporting 33% rise in sales value for Q2FY23
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Puravankara is currently trading at Rs. 94.70, up by 2.45 points or 2.66% from its previous closing of Rs. 92.25 on the BSE.
The scrip opened at Rs. 93.80 and has touched a high and low of Rs. 96.55 and Rs. 91.80 respectively. So far 35464 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 166.35 on 09-Nov-2021 and a 52 week low of Rs. 77.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 96.55 and Rs. 90.65 respectively. The current market cap of the company is Rs. 2249.36 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.25% and 6.75% respectively.
Puravankara has achieved the highest ever sales for the second quarter of current fiscal year (Q2FY23). The company has reported highest ever sale value of Rs 793 crore for the second quarter of current fiscal year (Q2FY23), a rise of 33% as compared to Rs 597 crore for Q2FY22. Average price realization was up by 12% in Q2FY23 as compared to the same quarter in the previous year.
The company has achieved highest ever sale value of Rs 1,306 crore for the first half of any financial year since inception, up by 43% compared to Rs 910 crore in H1FY22. The company is on track for its launch pipeline of over 15 msft and doing necessary investments for the same.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
