Archive · 19 Jun 2025
Puravankara Shares Rise After ₹272 Crore Contract Announcement
Puravankara, a real estate company, saw its stock price go up by 8% recently.
This happened because a part of their business got a big contract worth ₹272 crore to build apartments in Bengaluru.
An investment firm still thinks the stock is a good buy.
The company did well last year, selling lots of properties and making more money per square foot.
The company expects strong growth in the coming years due to planned project launches.
Puravankara's share price surged 8% on Thursday, reaching ₹301.25.
The increase followed a contract win for its subsidiary, Starworth Infrastructure & Construction.
The subsidiary received a ₹272 crore contract for a residential project in Bengaluru.
Emkay Global Financial maintains a 'buy' rating on the stock with a target price of ₹400.
The company achieved ₹5,006 crore in pre-sales in FY25, with a 10% YoY sales realization increase.
- Who
- Puravankara, a real estate developer.
- What
- Puravankara's share price increased due to a contract win for its subsidiary.
- When
- Thursday, June 19.
- Where
- Bengaluru, India.
- Why
- Share price increased after the announcement of a ₹272 crore contract.
- Share Price Increase
- 8%
- Share Price (June 19)
- ₹301.25
- Subsidiary
- Starworth Infrastructure & Construction
- Contract Value
- ₹272 crore
- Project Location
- Varthur, Bengaluru
- FY25 Pre-sales
- ₹5,006 crore
- Sales Realization Increase (YoY)
- 10%