India's Puravankara falls after report of IT raids at co premises

Puravankara

04/10/2023 10:57

** Shares of real estate development co Puravankara
 PURA.NS  fall as much as 4.8% to 122.10 rupees
    ** India's Income Tax department conducted raids at nearly
40 premises of co in multiple cities, news agency ANI reported
on Wednesday citing sources
    ** Neither PURA nor the IT department responded immediately
to Reuters' request for confirmation of the news
    ** Over 2.7 mln shares change hands as of 03:21 p.m. IST,
3.0x the 30-day moving avg 
    ** Including day's move, stock up ~34% YTD 

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))