Puravankara shares hit a fresh 52-week high, rally 80% in three weeks

Shares of Puravankara hit a fresh 52-week high of Rs 78.90, up 4 per cent on the BSE in intra-day trade on Thursday after reports said that Godrej Fund is in talks with Bengaluru-based developer for Rs 1,200 crore deal.

In the past three weeks, the stock price of Puravankara has rallied 80 per cent from the level of Rs 43.80 on November 5. In comparison, the S&P BSE Sensex gained 6 per cent during the same period.

According to a Business Standard report, Godrej Fund Management (GFM), the private equity arm of Godrej Group, is