Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in the United Arab Emirates, Kingdom of Saudi Arabia and Sri Lanka. The company has successfully completed 41 residential and 2 commercial projects encompassing 16.52 million square feet.
Puravankara Projects is planning to invest Rs 1,000 crore in FY15 on construction of its housing projects. The company has already invested Rs 235 crore in the first quarter of this fiscal. The Bangalore-based company is also aiming to launch 18 million sq ft of new projects this fiscal, of which 10 million sq ft will be under its affordable housing brand ‘Provident’.
Further, the company is targeting to cut external net debt by about Rs 250 crore by March next year on improved sales. The net external debt of the company stood at Rs 1,266 crore at the end of the June quarter.
The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 20.85 % and 4.15 % respectively.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 133.90 on 11-Jul-2014 and a 52 week low of Rs. 50.00 on 03-Mar-2014.
The scrip opened at Rs. 85.30 and has touched a high and low of Rs. 87.50 and Rs. 83.35 respectively. So far 51491 shares were traded on the counter.
Puravankara Projects is currently trade at Rs. 84.50, up by 2.40 points or 2.92 % from its previous closing of Rs. 82.10 on the BSE.
Puravankara Projects is planning to invest Rs 1,000 crore in FY15 on construction of its housing projects. The company has already invested Rs 235 crore in the first quarter of this fiscal. The Bangalore-based company is also aiming to launch 18 million sq ft of new projects this fiscal, of which 10 million sq ft will be under its affordable housing brand ‘Provident’.
Further, the company is targeting to cut external net debt by about Rs 250 crore by March next year on improved sales. The net external debt of the company stood at Rs 1,266 crore at the end of the June quarter.
The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 20.85 % and 4.15 % respectively.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 133.90 on 11-Jul-2014 and a 52 week low of Rs. 50.00 on 03-Mar-2014.
The scrip opened at Rs. 85.30 and has touched a high and low of Rs. 87.50 and Rs. 83.35 respectively. So far 51491 shares were traded on the counter.
Puravankara Projects is currently trade at Rs. 84.50, up by 2.40 points or 2.92 % from its previous closing of Rs. 82.10 on the BSE.
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