Thursday, November 8, 2012

Puravankara Q2 profit rises 89%, stock hits 52-week high


Real estate firm Puravankara Projects  ' consolidated net profit jumped 89.4 percent to Rs 50.2 crore in the second quarter of current financial year from Rs 26.5 crore in a year ago period.

Consolidated total income increased 38 percent to Rs 273 crore from Rs 198 crore during the same period.

In an interview with CNBC-TV18, the COO, Jackbastian Nazareth said realisations have gone up to Rs 4,061 per sq ft in the quarter. "We are on track to meet 3 million sq ft sales in FY13."

At 14:18 hours IST, the stock, which touched a 52-week high of Rs 88.70, rallied 15 percent to Rs 88.45 amid extremely large volumes on the Bombay Stock Exchange.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd 

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