Puravankara Ltd News

Puravankara, Oberoi rally up to 10%; BSE Realty index surges 17% in 1 month

HDFC Securities maintains a positive outlook on the overall residential real estate market, driven by robust end-user demand and the strong execution capabilities of established players

Puravankara stock rises 3% as arm launches residential project in Chennai

The rise in Puravankara scrip came after the company announced that its arm, Provident Housing Limited, will launch its latest residential project, Provident Bayscape, in Chennai, on Saturday, Nov 23

Puravankara shares locked in 5% lower circuit after net loss extends in Q2

Shares of Puravankara were locked in a 5 per cent lower circuit at Rs 401.40 per share after the company reported a continuing net loss in its second quarter earnings for the financial year 2024-25

Puravankara bookings fall 17% to Rs 1,331 cr despite strong housing demand

Realty firm Puravankara Ltd's sale bookings fell 17 per cent to Rs 1,331 crore in the second quarter of this fiscal year despite strong housing demand. Its sale bookings stood at Rs 1,600 crore in the year-ago period. The company sold properties worth Rs 2,459 crore during the first six months of this fiscal year, down from Rs 2,725 crore in the corresponding period of the previous year. "In Q2FY25, we have achieved collections of Rs 1,033 crore and pre-sales of Rs 1,331 crore mostly from sustenance sales. Our performance continues to reflect robust housing demand across key markets, driven by our strategic focus on customer-centric offerings and operational efficiencies," Ashish Puravankara, Managing Director of Puravankara Ltd, said. In the first half of the fiscal, he said the company witnessed sustained traction across its portfolio and continued to replenish land bank by acquiring over 5.75 million square feet of saleable area in Mumbai, Bengaluru and Goa with a total potentia

Here's why Puravankara share price hit 5% upper circuit on Sept 13; details

The stock's rally was fuelled by the company's announcement of securing redevelopment rights of Miami Apartments at Breach Candy, South Mumbai.

Puravankara to redevelop housing society in South Mumbai's Breach Candy

The company has expanded its footprint in Lokhandwala, Andheri West, where it previously acquired redevelopment rights for two societies on 3 acres of land in November 2023

Can the June 2024 quarter corporate earnings disappoint markets?

Disconnect between earnings growth and stock prices, Bernstein said, is even more visible in the small-and mid-cap (SMID) universe

Puravankara hits 52-week high on acquiring 7-acre land parcel in Bengaluru

The uptick in stock price came after the company announced that it has acquired a 7-acre land parcel in Hebbagodi, Bengaluru