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PURVA Puravankara News Story

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FinancialsSpeculativeMid CapMomentum Trap

India's Puravankara gains on winning luxury project development rights in Mumbai

** Shares of real estate developer Puravankara  PURA.NS  up
4.1%
    ** Bengaluru-based co on Thursday said it won redevelopment
rights of a luxury society project in Mumbai, measuring 2,000
square meters land
    ** PURA shares are up ~ 142% YTD, top gainer among peers
    ** YTD, DLF  DLF.NS  up 18%, Godrej Properties  GODR.NS  up
43%, Prestige Estate  PREG.NS  up 59%, Sobha  SOBH.NS  up 87%,
and Brigade Enterprises  BRIG.NS  up 47%
    ** Nifty realty index  .NIFTREAL  is up 34% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

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