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PURVA Puravankara News Story

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FinancialsSpeculativeMid CapMomentum Trap

India's Puravankara up as unit gets $138 mln investment from HDFC Capital

** Shares of Puravankara  PURA.NS  hit upper circuit, rising
5% to 395.85 rupees
    ** Real estate developer says its unit got an investment of
11.5 bln rupees ($138 mln) from HDFC Capital
    ** PURA stock also hit upper circuit on Wednesday on getting
a $240 mln project
    ** Stock up 11.4% so far this week, on track for fourth
straight weekly gain

($1 = 83.3456 Indian rupees)

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

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