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Puravankara Projects is currently trading at Rs 57.00, up by 0.30 points or 0.53% from its previous closing of Rs 56.70 on the BSE.
The scrip opened at Rs 57.00 and has touched a high and low of Rs 57.50 and Rs 56.20 respectively. So far 609 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 118.80 on 29-Mar-2011 and a 52 week low of Rs 55.00 on 27-Dec-2011.
Last one week high and low of the scrip stood at Rs 59.60 and Rs 55.00 respectively. The current market cap of the company is Rs 1216.52 crore.
The promoters holding in the company stood at 89.96% while Institutions and Non-Institutions held 8.54% and 1.50% respectively.
In a bid to partly pay off its mounting debt, Puravankara Projects is planning to sell three commercial properties in Bangalore and Chennai for Rs 250 crore. In this regard, the company is in talks with information technology firms to sell 15 lakh sq ft built-to-suit plots and some people have shown interest. However, the company did not reveal the names of the potential buyers.
The company’s outstanding debt from banks and financial institutions is Rs 1,160 crore. Its net debt for the second quarter of fiscal year 2011 was at Rs 933 crore. The company's net sales for the quarter ended September 2011 stood at Rs 198 crore compared to Rs 154 crore in the fiscal year 2011. Its net profit for the second quarter of fiscal year 2012 was at Rs 26.5 crore, down 34% over the last year.
The company is trying to improve its operational cash flows and strengthening its balance sheet. For the September quarter of fiscal year 2012, sales volume decreased by 47% to 396 units compared to the same period last year. However, average realization grew 27% quarter on quarter.
Recently, the company had announced that it was in process of handing over one of Bengaluru’s largest residential enclaves, ‘Purva Highlands’ to its proud customers. Purva Highlands is spread over 17 acres in Kanakapura overlooking NICE road, with a development area of 2.5 million square feet, and ready-to-move in apartments.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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