Puravankara zooms 81% in one month post Q2 results

The stock hit a fresh 52-week high of Rs 172, up 12% on the BSE on Tuesday, on back of heavy volumes in otherwise subdued market.

Puravankara hit a fresh 52-week high of Rs 172, up 12% on the BSE on Tuesday, on the back of heavy volumes in an otherwise subdued market.

In past one month, the stock of realty firm zoomed 81% from Rs 95 on November 13, as compared to 0.85% rise in the S&P BSE Sensex.

“The company reported a strong new sales volume growth of 74% at 803,966 sft. in September quarter (Q2FY18) led primarily by sales in completed and nearing completion projects, as well as by provident. The full impact of this would be witnessed in