PURVA
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Puravankara Launches Premium Residential Development In Electronic City, Bengaluru
Feb 19 (Reuters) - Puravankara Ltd PURA.NS:
LAUNCHES PREMIUM RESIDENTIAL DEVELOPMENT IN ELECTRONIC CITY, BENGALURU
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Feb 19 (Reuters) - Puravankara Ltd PURA.NS:
LAUNCHES PREMIUM RESIDENTIAL DEVELOPMENT IN ELECTRONIC CITY, BENGALURU
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Puravankara Dec-Quarter Consol Net Profit 583.4 Million Rupees
Feb 12 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA DEC-QUARTER CONSOL NET PROFIT 583.4 MILLION RUPEES
PURAVANKARA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.69 BILLION RUPEES
PURAVANKARA LTD - REAPPOINTS ASHISH RAVI PURAVANKARA AS MD FOR 5 YEARS
PURAVANKARA LTD - APPROVED MERGER OF IBID HOME PRIVATE LIMITED AND PURVA WOODWORKS PRIVATE LIMITED
Source text: ID:nBSE4fq2Q6
Further company coverage: PURA.NS
(([email protected];;))
Feb 12 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA DEC-QUARTER CONSOL NET PROFIT 583.4 MILLION RUPEES
PURAVANKARA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.69 BILLION RUPEES
PURAVANKARA LTD - REAPPOINTS ASHISH RAVI PURAVANKARA AS MD FOR 5 YEARS
PURAVANKARA LTD - APPROVED MERGER OF IBID HOME PRIVATE LIMITED AND PURVA WOODWORKS PRIVATE LIMITED
Source text: ID:nBSE4fq2Q6
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Gets Registration Certificate From Maharera For Project 'Purva Estrella'
Feb 11 (Reuters) - Puravankara Ltd PURA.NS:
GETS REGISTRATION CERTIFICATE FROM MAHARERA FOR PROJECT 'PURVA ESTRELLA'
Source text: ID:nBSE7zVCLS
Further company coverage: PURA.NS
(([email protected];))
Feb 11 (Reuters) - Puravankara Ltd PURA.NS:
GETS REGISTRATION CERTIFICATE FROM MAHARERA FOR PROJECT 'PURVA ESTRELLA'
Source text: ID:nBSE7zVCLS
Further company coverage: PURA.NS
(([email protected];))
India's Ola Electric brings in new CFO
Adds more details, context paragraph 2 onwards
Jan 19 (Reuters) - Indian electric two-wheeler maker Ola Electric OLAE.NS on Monday named Deepak Rastogi as its new finance chief, effective January 20.
Rastogi, who most recently was the group finance chief of property developer Puravankara PURA.NS, will succeed Harish Abichandani, Ola said.
Under Abichandani, who had been the CFO of Ola Electric since November 2023, the company went public in a blockbuster debut in 2024.
But since then, it has grappled with stalling sales which led the firm to cut its fiscal 2026 revenue forecast in November last year.
Once commanding 50% of India's e-scooter market, Ola Electric has been overtaken by rivals such as Bajaj Auto BAJA.NS and TVS Motor TVSM.NS, which have expanded distribution and launched similarly priced models.
(Reporting by Hritam Mukherjee in Bengaluru
Editing by Tomasz Janowski)
(([email protected]; X: @MukherjeeHritam;))
Adds more details, context paragraph 2 onwards
Jan 19 (Reuters) - Indian electric two-wheeler maker Ola Electric OLAE.NS on Monday named Deepak Rastogi as its new finance chief, effective January 20.
Rastogi, who most recently was the group finance chief of property developer Puravankara PURA.NS, will succeed Harish Abichandani, Ola said.
Under Abichandani, who had been the CFO of Ola Electric since November 2023, the company went public in a blockbuster debut in 2024.
But since then, it has grappled with stalling sales which led the firm to cut its fiscal 2026 revenue forecast in November last year.
Once commanding 50% of India's e-scooter market, Ola Electric has been overtaken by rivals such as Bajaj Auto BAJA.NS and TVS Motor TVSM.NS, which have expanded distribution and launched similarly priced models.
(Reporting by Hritam Mukherjee in Bengaluru
Editing by Tomasz Janowski)
(([email protected]; X: @MukherjeeHritam;))
Puravankara Q3 Pre-Sales Up 17% YoY To 14.14 Billion Rupees
Jan 14 (Reuters) - Puravankara Ltd PURA.NS:
Q3 PRE-SALES UP 17% YOY TO 14.14 BILLION RUPEES
Q3 COLLECTIONS UP 22% YOY TO 11.4 BILLION RUPEES
Source text: ID:nnAZN4RYDTB
Further company coverage: PURA.NS
(([email protected];))
Jan 14 (Reuters) - Puravankara Ltd PURA.NS:
Q3 PRE-SALES UP 17% YOY TO 14.14 BILLION RUPEES
Q3 COLLECTIONS UP 22% YOY TO 11.4 BILLION RUPEES
Source text: ID:nnAZN4RYDTB
Further company coverage: PURA.NS
(([email protected];))
India's Puravankara jumps on 27 billion rupee order
** Shares of Puravankara PURA.NS rise 4.5% to 298 rupees, their biggest intraday pct gain since August 13
** Real estate firm’s subsidiary gets 27 billion rupee ($308.6 million) order for redevelopment of a housing society
** Stock down 21.4% YTD
($1 = 87.5060 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Puravankara PURA.NS rise 4.5% to 298 rupees, their biggest intraday pct gain since August 13
** Real estate firm’s subsidiary gets 27 billion rupee ($308.6 million) order for redevelopment of a housing society
** Stock down 21.4% YTD
($1 = 87.5060 Indian rupees)
(Reporting by Rudra Pratap Singh in Bengaluru)
India's Puravankara falls after swinging to quarterly loss
** Shares of Puravankara PURA.NS fall 2.5% to 260.05 rupees
** Stock set to fall for fifth straight session
** Real estate developer posted Q1 consol net loss of 685.5 mln rupees ($7.7 mln) vs consol profit of 147.8 mln rupees year ago
** Consol revenue fell 20.3% Y/Y to 5.24 bln rupees
** PURA down nearly 32% YTD
($1 = 87.5075 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Puravankara PURA.NS fall 2.5% to 260.05 rupees
** Stock set to fall for fifth straight session
** Real estate developer posted Q1 consol net loss of 685.5 mln rupees ($7.7 mln) vs consol profit of 147.8 mln rupees year ago
** Consol revenue fell 20.3% Y/Y to 5.24 bln rupees
** PURA down nearly 32% YTD
($1 = 87.5075 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
India's Puravankara Ltd Reports June-Quarter Consol Net Loss 685.5 Million Rupees
Aug 8 (Reuters) - Puravankara Ltd PURA.NS:
INDIA'S PURAVANKARA LTD JUNE-QUARTER CONSOL NET LOSS 685.5 MILLION RUPEES
INDIA'S PURAVANKARA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.24 BILLION RUPEES
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Aug 8 (Reuters) - Puravankara Ltd PURA.NS:
INDIA'S PURAVANKARA LTD JUNE-QUARTER CONSOL NET LOSS 685.5 MILLION RUPEES
INDIA'S PURAVANKARA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.24 BILLION RUPEES
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Puravankara Announces JDA For 5.5-Acre Land In Bengaluru
July 10 (Reuters) - Puravankara Ltd PURA.NS:
ANNOUNCES JDA FOR 5.5-ACRE LAND IN BENGALURU
PROJECT WITH POTENTIAL GDV OF OVER 10 BILLION RUPEES
Source text: ID:nNSE2B4T5Z
Further company coverage: PURA.NS
(([email protected];;))
July 10 (Reuters) - Puravankara Ltd PURA.NS:
ANNOUNCES JDA FOR 5.5-ACRE LAND IN BENGALURU
PROJECT WITH POTENTIAL GDV OF OVER 10 BILLION RUPEES
Source text: ID:nNSE2B4T5Z
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Selected For Redevelopment In Chembur, Mumbai
July 8 (Reuters) - Puravankara Ltd PURA.NS:
SELECTED FOR REDEVELOPMENT IN CHEMBUR, MUMBAI
DEVELOPMENT POTENTIAL OVER 1.2 MILLION SQ FT, GDV 21 BILLION RUPEES
Source text: ID:nBSE6V2pGK
Further company coverage: PURA.NS
(([email protected];;))
July 8 (Reuters) - Puravankara Ltd PURA.NS:
SELECTED FOR REDEVELOPMENT IN CHEMBUR, MUMBAI
DEVELOPMENT POTENTIAL OVER 1.2 MILLION SQ FT, GDV 21 BILLION RUPEES
Source text: ID:nBSE6V2pGK
Further company coverage: PURA.NS
(([email protected];;))
India's Puravankara rises on 21 bln-rupee Mumbai redevelopment projects
** Puravankara PURA.NS rises 3.6% to 293.35 rupees; set to gain for third straight session
** Real estate developer to redevelop eight housing societies in Mumbai, with gross development potential of 21 bln rupees ($245 mln)
** About 505,000 shares traded vs 30-day avg of ~416,000
** YTD PURA down 23%
($1 = 85.7790 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Puravankara PURA.NS rises 3.6% to 293.35 rupees; set to gain for third straight session
** Real estate developer to redevelop eight housing societies in Mumbai, with gross development potential of 21 bln rupees ($245 mln)
** About 505,000 shares traded vs 30-day avg of ~416,000
** YTD PURA down 23%
($1 = 85.7790 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Puravankara Ltd Approves Allotment Of Non-Convertible Debentures Worth Up To 500 Mln Rupees
June 20 (Reuters) - Puravankara Ltd PURA.NS:
APPROVED ALLOTMENT OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 500 MILLION RUPEES
Source text: ID:nNSE79jwqx
Further company coverage: PURA.NS
(([email protected];;))
June 20 (Reuters) - Puravankara Ltd PURA.NS:
APPROVED ALLOTMENT OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 500 MILLION RUPEES
Source text: ID:nNSE79jwqx
Further company coverage: PURA.NS
(([email protected];;))
Puravankara To Consider Fund Raising Proposals
April 30 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - BOARD TO CONSIDER FUND RAISING PROPOSALS
PURAVANKARA LTD - TO CONSIDER ISSUE OF DEBENTURES WORTH 3 BILLION RUPEES
Source text: ID:nBSEbfd4FD
Further company coverage: PURA.NS
(([email protected];;))
April 30 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - BOARD TO CONSIDER FUND RAISING PROPOSALS
PURAVANKARA LTD - TO CONSIDER ISSUE OF DEBENTURES WORTH 3 BILLION RUPEES
Source text: ID:nBSEbfd4FD
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Ltd Says Pre-Sales For Q4FY25 At 12.82 Bln Rupees
April 16 (Reuters) - Puravankara Ltd PURA.NS:
PRE-SALES FOR Q4FY25 AT 12.82 BILLION RUPEES
COLLECTIONS FOR Q4FY25 STOOD AT 9.46 BILLION RUPEES
Source text: ID:nBSETM3w5
Further company coverage: PURA.NS
(([email protected];;))
April 16 (Reuters) - Puravankara Ltd PURA.NS:
PRE-SALES FOR Q4FY25 AT 12.82 BILLION RUPEES
COLLECTIONS FOR Q4FY25 STOOD AT 9.46 BILLION RUPEES
Source text: ID:nBSETM3w5
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Says Demand Notice Issued With Net Tax Impact Of 53.5 Million Rupees
April 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - DEMAND NOTICE ISSUED WITH NET TAX IMPACT OF 53.5 MILLION RUPEES
Source text: ID:nNSE4h8kBg
Further company coverage: PURA.NS
(([email protected];;))
April 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - DEMAND NOTICE ISSUED WITH NET TAX IMPACT OF 53.5 MILLION RUPEES
Source text: ID:nNSE4h8kBg
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Says Abhishek Kapoor Resigns As Group CFO Effective Jan. 15
Jan 15 (Reuters) - Puravankara Ltd PURA.NS:
ABHISHEK KAPOOR RESIGNS AS GROUP CFO EFFECTIVE 15TH JANUARY 2025
Source text: ID:nBSE6BKzzz
Further company coverage: PURA.NS
(([email protected];))
Jan 15 (Reuters) - Puravankara Ltd PURA.NS:
ABHISHEK KAPOOR RESIGNS AS GROUP CFO EFFECTIVE 15TH JANUARY 2025
Source text: ID:nBSE6BKzzz
Further company coverage: PURA.NS
(([email protected];))
Puravankara Q3FY25 Pre-Sales At 12.65 Billion Rupees, Collections Up 6% Y-O-Y
Jan 13 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - Q3FY25 PRE-SALES AT 12.65 BILLION RUPEES, COLLECTIONS UP 6% Y-O-Y
PURAVANKARA - TO CATCH UP WITH LAUNCH PIPELINE OF 15.7 MILLION SQ FT BETWEEN Q4FY25-Q1FY26
Source text: ID:nBSE207pFl
Further company coverage: PURA.NS
(([email protected];))
Jan 13 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - Q3FY25 PRE-SALES AT 12.65 BILLION RUPEES, COLLECTIONS UP 6% Y-O-Y
PURAVANKARA - TO CATCH UP WITH LAUNCH PIPELINE OF 15.7 MILLION SQ FT BETWEEN Q4FY25-Q1FY26
Source text: ID:nBSE207pFl
Further company coverage: PURA.NS
(([email protected];))
Puravankara Expands Land Portfolio With Strategic Acquisition In Kanakapura Road
Jan 9 (Reuters) - Puravankara Ltd PURA.NS:
EXPANDS LAND PORTFOLIO WITH STRATEGIC ACQUISITION IN KANAKAPURA ROAD
ESTIMATED GROSS DEVELOPMENT VALUE OF 7 BILLION RUPEES
Source text: ID:nBSE5m49Pl
Further company coverage: PURA.NS
(([email protected];;))
Jan 9 (Reuters) - Puravankara Ltd PURA.NS:
EXPANDS LAND PORTFOLIO WITH STRATEGIC ACQUISITION IN KANAKAPURA ROAD
ESTIMATED GROSS DEVELOPMENT VALUE OF 7 BILLION RUPEES
Source text: ID:nBSE5m49Pl
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Receives Administrative Warning From SEBI
Dec 26 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - RECEIVES ADMINISTRATIVE WARNING FROM SEBI
PURAVANKARA LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES
Source text: ID:nBSE3yG9V3
Further company coverage: PURA.NS
(([email protected];;))
Dec 26 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD - RECEIVES ADMINISTRATIVE WARNING FROM SEBI
PURAVANKARA LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES
Source text: ID:nBSE3yG9V3
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Ltd Says Provident Housing Will Launch Residential Project Provident Bayscape In Chennai
Nov 22 (Reuters) - Puravankara Ltd PURA.NS:
PROVIDENT HOUSING WILL LAUNCH RESIDENTIAL PROJECT PROVIDENT BAYSCAPE IN CHENNAI
Source text: ID:nBSE2xsrX8
Further company coverage: PURA.NS
(([email protected];;))
Nov 22 (Reuters) - Puravankara Ltd PURA.NS:
PROVIDENT HOUSING WILL LAUNCH RESIDENTIAL PROJECT PROVIDENT BAYSCAPE IN CHENNAI
Source text: ID:nBSE2xsrX8
Further company coverage: PURA.NS
(([email protected];;))
India's Puravankara falls as Q2 loss widens
** Shares of Puravankara PURA.NS fall exchange-allowed 5% to 400.45 rupees
** Real estate co's Sept-qtr consol net loss widens by 50% to 167.8 million rupees (~$2 million)
** PURA set for third straight session of losses
** Stock up ~114% vs a 8% and ~16% rise in rivals DLF DLF.NS and Macrotech Developers MACE.NS, respectively
($1 = 84.3580 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Puravankara PURA.NS fall exchange-allowed 5% to 400.45 rupees
** Real estate co's Sept-qtr consol net loss widens by 50% to 167.8 million rupees (~$2 million)
** PURA set for third straight session of losses
** Stock up ~114% vs a 8% and ~16% rise in rivals DLF DLF.NS and Macrotech Developers MACE.NS, respectively
($1 = 84.3580 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
India's Puravankara Ltd Sept-Quarter Consol Net Loss 167.8 Mln Rupees
Nov 8 (Reuters) - Puravankara Ltd PURA.NS:
INDIA'S PURAVANKARA LTD SEPT-QUARTER CONSOL NET LOSS 167.8 MILLION RUPEES
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Nov 8 (Reuters) - Puravankara Ltd PURA.NS:
INDIA'S PURAVANKARA LTD SEPT-QUARTER CONSOL NET LOSS 167.8 MILLION RUPEES
Source text: [ID:]
Further company coverage: PURA.NS
(([email protected];))
Puravankara Q2 Customer Collections Up By 18% Y-O-Y
Oct 10 (Reuters) - Puravankara Ltd PURA.NS:
Q2 CUSTOMER COLLECTIONS UP BY 18% Y-O-Y
Q2FY25 SALES VALUE UP BY 18% Q/Q
Source text for Eikon: ID:nBSE6NGdVK
Further company coverage: PURA.NS
(([email protected];;))
Oct 10 (Reuters) - Puravankara Ltd PURA.NS:
Q2 CUSTOMER COLLECTIONS UP BY 18% Y-O-Y
Q2FY25 SALES VALUE UP BY 18% Q/Q
Source text for Eikon: ID:nBSE6NGdVK
Further company coverage: PURA.NS
(([email protected];;))
Puravankara Says Acquisition Of Land Parcel At Bangalore For Developing Residential Project
Oct 7 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - ACQUISITION OF LAND PARCEL AT BANGALORE FOR DEVELOPING RESIDENTIAL PROJECT
Further company coverage: PURA.NS
(([email protected];))
Oct 7 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA - ACQUISITION OF LAND PARCEL AT BANGALORE FOR DEVELOPING RESIDENTIAL PROJECT
Further company coverage: PURA.NS
(([email protected];))
Puravankara Gets Redevelopment Rights Of Miami Apartments At Breach Candy, Mumbai
Sept 12 (Reuters) - Puravankara Ltd PURA.NS:
GETS REDEVELOPMENT RIGHTS OF MIAMI APARTMENTS AT BREACH CANDY, MUMBAI
EXPANDS ITS REDEVELOPMENT PORTFOLIO IN MUMBAI
SIGNS JOINT DEVELOPMENT AGREEMENT FOR 1.95-ACRE LAND PARCEL IN BENGALURU
Source text for Eikon: ID:nNSE57LCtH
Further company coverage: PURA.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Sept 12 (Reuters) - Puravankara Ltd PURA.NS:
GETS REDEVELOPMENT RIGHTS OF MIAMI APARTMENTS AT BREACH CANDY, MUMBAI
EXPANDS ITS REDEVELOPMENT PORTFOLIO IN MUMBAI
SIGNS JOINT DEVELOPMENT AGREEMENT FOR 1.95-ACRE LAND PARCEL IN BENGALURU
Source text for Eikon: ID:nNSE57LCtH
Further company coverage: PURA.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Puravankara Says Q1 Collections Grow 39% Y/Y
July 12 (Reuters) - Puravankara Ltd PURA.NS:
Q1 COLLECTIONS GROW 39% Y/Y
Further company coverage: PURA.NS
(([email protected];))
July 12 (Reuters) - Puravankara Ltd PURA.NS:
Q1 COLLECTIONS GROW 39% Y/Y
Further company coverage: PURA.NS
(([email protected];))
Indian property developer Puravankara up after land parcel buy
** Shares of India's Puravankara PURA.NS rise as much as 5% to hit record high 569.60 rupees
** PURA last up ~3%, eyes gains for the fourth straight session
** Real estate developer said it acquired land parcel in Bengaluru whose potential gross development value (GDV) is 9 bln rupees ($107.8 mln)
** YTD stock has soared 199% after a 103% surge in 2023
($1 = 83.5010 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Puravankara PURA.NS rise as much as 5% to hit record high 569.60 rupees
** PURA last up ~3%, eyes gains for the fourth straight session
** Real estate developer said it acquired land parcel in Bengaluru whose potential gross development value (GDV) is 9 bln rupees ($107.8 mln)
** YTD stock has soared 199% after a 103% surge in 2023
($1 = 83.5010 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Puravankara Ltd- Acquires 7-Acre Land Parcel In Hebbagodi, Bengaluru
July 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD- ACQUIRES 7-ACRE LAND PARCEL IN HEBBAGODI, BENGALURU
PURAVANKARA LTD- POTENTIAL GDV OF 9 BILLION RUPEES
Source text for Eikon: ID:nBSE1Qpg19
Further company coverage: PURA.NS
(([email protected];))
July 2 (Reuters) - Puravankara Ltd PURA.NS:
PURAVANKARA LTD- ACQUIRES 7-ACRE LAND PARCEL IN HEBBAGODI, BENGALURU
PURAVANKARA LTD- POTENTIAL GDV OF 9 BILLION RUPEES
Source text for Eikon: ID:nBSE1Qpg19
Further company coverage: PURA.NS
(([email protected];))
India's Puravankara up as unit gets $138 mln investment from HDFC Capital
** Shares of Puravankara PURA.NS hit upper circuit, rising 5% to 395.85 rupees
** Real estate developer says its unit got an investment of 11.5 bln rupees ($138 mln) from HDFC Capital
** PURA stock also hit upper circuit on Wednesday on getting a $240 mln project
** Stock up 11.4% so far this week, on track for fourth straight weekly gain
($1 = 83.3456 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
** Shares of Puravankara PURA.NS hit upper circuit, rising 5% to 395.85 rupees
** Real estate developer says its unit got an investment of 11.5 bln rupees ($138 mln) from HDFC Capital
** PURA stock also hit upper circuit on Wednesday on getting a $240 mln project
** Stock up 11.4% so far this week, on track for fourth straight weekly gain
($1 = 83.3456 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
Indian developer Puravankara up after getting $240 mln project in Mumbai
** Shares of Indian real estate developer Puravankara PURA.NS up 5% to hit upper limit of exchange-imposed trading band
** Co said it was appointed as preferred developer for Pali Hill redevelopment project in Mumbai, whose gross development value potentially over 20 billion rupees ($240.2 million)
** Stock on track for fourth consecutive session of gains
** YTD stock has jumped ~102% after gaining ~103% in 2023
($1 = 83.2800 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of Indian real estate developer Puravankara PURA.NS up 5% to hit upper limit of exchange-imposed trading band
** Co said it was appointed as preferred developer for Pali Hill redevelopment project in Mumbai, whose gross development value potentially over 20 billion rupees ($240.2 million)
** Stock on track for fourth consecutive session of gains
** YTD stock has jumped ~102% after gaining ~103% in 2023
($1 = 83.2800 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
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What does Puravankara do?
Puravankara Projects Ltd is a construction company that also offers interior works and modifications. Some of their ongoing projects include luxury apartments in Bangalore, Chennai, and Cochin.
Who are the competitors of Puravankara?
Puravankara major competitors are Ashiana Housing, Mahindra Life. Dev, Arihant Superstruct., Binny, Samor Reality, Poddar Hsg.&Devlop., Max Heights Infrast.. Market Cap of Puravankara is ₹4,436 Crs. While the median market cap of its peers are ₹315 Crs.
Is Puravankara financially stable compared to its competitors?
Puravankara seems to be less financially stable compared to its competitors. Altman Z score of Puravankara is 0.61 and is ranked 6 out of its 8 competitors.
Does Puravankara pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Puravankara latest dividend payout ratio is 350.31% and 3yr average dividend payout ratio is 350.31%
How has Puravankara allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Puravankara balance sheet?
Puravankara balance sheet is weak and might have solvency issues
Is the profitablity of Puravankara improving?
The profit is oscillating. The profit of Puravankara is -₹140.99 Crs for TTM, -₹183.16 Crs for Mar 2025 and ₹42.65 Crs for Mar 2024.
Is the debt of Puravankara increasing or decreasing?
Yes, The net debt of Puravankara is increasing. Latest net debt of Puravankara is ₹3,761 Crs as of Sep-25. This is greater than Mar-25 when it was ₹2,833 Crs.
Is Puravankara stock expensive?
Puravankara is not expensive. Latest PE of Puravankara is 0, while 3 year average PE is 73.04. Also latest EV/EBITDA of Puravankara is 19.5 while 3yr average is 24.96.
Has the share price of Puravankara grown faster than its competition?
Puravankara has given lower returns compared to its competitors. Puravankara has grown at ~13.43% over the last 4yrs while peers have grown at a median rate of 13.46%
Is the promoter bullish about Puravankara?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Puravankara is 75.0% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Puravankara?
The mutual fund holding of Puravankara is stable. The current mutual fund holding in Puravankara is 0.09% while previous quarter holding is 0.09%.
