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PURVA Puravankara News Story

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FinancialsSpeculativeMid CapMomentum Trap

India's Puravankara falls after swinging to quarterly loss

** Shares of Puravankara PURA.NS fall 2.5% to 260.05 rupees

** Stock set to fall for fifth straight session

** Real estate developer posted Q1 consol net loss of 685.5 mln rupees ($7.7 mln) vs consol profit of 147.8 mln rupees year ago

** Consol revenue fell 20.3% Y/Y to 5.24 bln rupees

** PURA down nearly 32% YTD

($1 = 87.5075 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))

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