India's Puravankara jumps after buying 53.5 acre land parcel

Puravankara

23/12/2025 07:29

** Shares of Indian real estate developer Puravankara PURA.NS jump 11% to 269 rupees, eyes third straight session of gains

** PURA set for biggest intraday jump in five months

** Cobuys53.5 acre land parcel in the southern Indian state of Karnataka

** Land has a potential gross development value of over 48 billion rupees ($534.78 million), co says

** Stock sees busiest session in two years, more than 62 mln shares change hands by 12.45 pm IST vs 30-day avg of 90k shares

** YTD, PURA down 29%

($1 = 89.7570 Indian rupees)

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))