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PURVA Puravankara News Story

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FinancialsSpeculativeMid CapMomentum Trap

India's Puravankara falls as Q2 loss widens

** Shares of Puravankara  PURA.NS  fall exchange-allowed 5%
to 400.45 rupees
    ** Real estate co's Sept-qtr consol net loss widens by 50%
to 167.8 million rupees (~$2 million)
    ** PURA set for third straight session of losses
    ** Stock up ~114% vs a 8% and ~16% rise in rivals DLF
 DLF.NS  and Macrotech Developers  MACE.NS , respectively


($1 = 84.3580 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))

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