India's Puravankara climbs after unit gets $18.3 million contract

Puravankara

21/08/2026 09:22

** Shares of Puravankara PURA.NS rise as much as 5.1% to 227.34 rupees 
** The real estate development company's subsidiary got a letter of intent from Red Connect for contract worth 1.75 billion rupees ($18.3 million)
** Contract for civil and structural works for Ritz Carlton project in Chennai
** Stock set to snap a three-session losing streak, if gains hold 
** YTD, Puravankara stock down ~8% 

($1 = 95.7375 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))