Puravankara Projects is currently trading at Rs. 58.90, up by 0.50 points or 0.86% from its previous closing of Rs. 58.40 on the BSE.
The scrip opened at Rs. 57.65 and has touched a high and low of Rs. 59.25 and Rs. 57.65 respectively. So far 1804 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 89.80 on 04-Feb-2015 and a 52 week low of Rs. 57.65 on 18-Sep-2015.
Last one week high and low of the scrip stood at Rs. 62.70 and Rs. 57.65 respectively. The current market cap of the company is Rs. 1396.81 crore.
The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 17.13 % and 7.87 % respectively.
Puravankara Projects is expecting to garner revenue of around Rs 700 crore from the second phase of ongoing affordable housing project near Bengaluru. The company has launched the second phase of ‘Provident Sunworth’ project comprising about 1,400 housing units.
The 60-acre project located at NICE-Mysore Road junction is being developed by Puravankara’s arm Provident Housing. Nearly 6,000 flats would be developed in the entire project. The special pre-launch price for a 2 bedroom apartment starts from Rs 33 lakhs and 3BHK apartment from Rs 39 lakhs.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.
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