India's Puravankara up after posting record quarterly sales

Puravankara

10/10/2023 06:14

** Shares of real estate developer Puravankara  PURA.NS 
rise as much as 8.3% to 133.85 rupees 
    ** Stock adds to gains after Q2 update, Nifty Realty index
 .NIFTYREAL  up 3.3%
    ** Co says Q2 sales up 102% YoY at 16 bln rupees ($192.2
mln), highest ever
    ** Adds customer collections from real estate business up
70% YoY at 8.79 bln rupees
    ** Over 983,000 shares change hands as of 10:28 a.m. IST, 1X
the 30-day moving average
    ** Stock last up 7.6%, taking YTD gains to 44.9%

    
($1 = 83.2340 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))