Indian developer Puravankara up after getting $240 mln project in Mumbai

Puravankara

24/04/2024 05:29

** Shares of Indian real estate developer Puravankara
 PURA.NS  up 5% to hit upper limit of exchange-imposed trading
band 
    ** Co said it was appointed as preferred developer for Pali
Hill redevelopment project in Mumbai, whose gross development
value potentially over 20 billion rupees ($240.2 million)
    ** Stock on track for fourth consecutive session of gains
    ** YTD stock has jumped ~102% after gaining ~103% in 2023 

    ($1 = 83.2800 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))