Puravankara surges on inking sale deed to acquire land parcel in North Bangalore
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Puravankara is currently trading at Rs. 380.00, up by 11.60 points or 3.15% from its previous closing of Rs. 368.40 on the BSE.
The scrip opened at Rs. 360.05 and has touched a high and low of Rs. 380.00 and Rs. 350.00 respectively. So far 16163 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 565.00 on 03-Jul-2024 and a 52 week low of Rs. 121.30 on 09-Oct-2023.
Last one week high and low of the scrip stood at Rs. 399.80 and Rs. 350.00 respectively. The current market cap of the company is Rs. 9009.32 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.95% and 7.05% respectively.
Puravankara has entered into a sale deed for acquiring 3 acres 4 guntas of land parcel located at North Bangalore. This will be for developing a residential project.
Earlier, the company had acquired the redevelopment rights of a prestigious society -- Miami Apartments at Breach Candy. Spread little over around 2,000 sq m of land, this marks the developer’s entry into the uber-luxury South Mumbai market, where rates (as per market sources) are estimated in the range of Rs 1,25,000 and Rs 1,40,000 per sq. ft.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
