India's Puravankara rises on jump in quarterly sales

Puravankara

23/01/2023 05:49

** Shares of real estate co Puravankara Ltd  PURA.NS  up as
much as 4.6% to 92.95 rupees, their biggest intraday pct gain
since Dec 30, 2022
    ** Stock at highest value since Jan 4
    ** Co on Monday said its sales value up 20% YoY to a record
7.96 bln rupees ($98.09 mln)
    ** Customer collections for the Dec quarter up 80% YoY to
6.21 bln rupees
    ** The moving average convergence and divergence (MACD) line
for Puravankara has been above the signal line since Jan 18,
suggesting bullish bias
    ** Over 360,000 shares change hands, 1.6x the 30-day moving
avg
    ** Stock lost ~34% in 2022 after posting two consecutive
annual gains
     ($1 = 81.1460 Indian rupees)
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))