Puravankara rises as its arm receives LoA worth Rs 509.52 crore
Puravankara is currently trading at Rs. 248.60, up by 3.30 points or 1.35% from its previous closing of Rs. 245.30 on the BSE.
The scrip opened at Rs. 253.25 and has touched a high and low of Rs. 253.25 and Rs. 246.35 respectively. So far 116 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 463.00 on 17-Dec-2024 and a 52 week low of Rs. 205.05 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 253.25 and Rs. 226.85 respectively. The current market cap of the company is Rs. 5817.28 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.71% and 7.29% respectively.
Puravankara’ wholly owned subsidiary -- Starworth Infrastructure & Construction (SICL) has received a Letter of Acceptance (LoA) worth Rs 509.52 crore from One Bangalore Luxury Projects LLP. The LoA is for the construction of turnkey civil, finishes, MEP, external development for Varnam Phase1 at One Bangalore Luxury Project (OBLP) situated at Akalehahalli-Mallenhalli Village, Kasaba Hobli, Devanahalli Taluk, Bengaluru Rural District, Karnataka. The order is to be executed within 36 months.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
