India's Puravankara jumps after rise in quarterly sales value

Puravankara

12/04/2023 05:52

** Shares of Puravankara Ltd  PURA.NS  up as much as 5.09%
to 79.45 rupees
    ** Real estate development company says its sale value
increased 21% Y/Y for Q4, and 29% Y/Y for FY23 
    ** Customer collections rose to 22.58 bln rupees ($275.03
mln) in FY23 from 14.4 bln rupees in FY22 - PURA
    ** "We expect our pre-sales growth momentum to continue,
driven by a healthy pipeline of new launches of 14 mln sqft in
coming quarter," says MD, Ashish Puravankara 
    ** About 354,099 shares change hands as of 10:05 a.m. IST,
vs 1.8x 30-day average of 197,225 shares 
    ** Stock down 17.69% YTD as of last close

($1 = 82.1000 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))