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Puravankara Share Price Analyzed

Key Points

• Puravankara shares rose 11.2% due to strong Q3 business results.
• Pre-sales increased by 17% year-over-year to ₹1,414 crore.
• Average selling price rose 12% year-over-year to ₹9,500 per square foot.
• The company handed over 1.23 million square feet of homes in Q3.
• Puravankara has 93 completed projects across 9 cities.
• The company’s land bank is 32 million square feet.

Puravankara’s stock price jumped up by 11.2% on the BSE, reaching a high of ₹256.9 per share. This happened because the company shared good news about how they were doing in the last three months (Q3). Investors reacted positively to this news.

At 10:10 AM, the stock price was even higher, up 10.8% at ₹255. This shows a lot of buying interest from investors. The overall stock market (Sensex) was also moving up slightly, showing a positive trend for the day.

Puravankara is a company that builds apartments and houses. They have a lot of money – about ₹6,047.32 billion – and their shares have gone up and down over the past year. Their best price ever was ₹358.45 and the lowest was ₹205.05.

During Q3, the company did some new building projects that are worth about ₹13,900 billion. They also sold houses for ₹1,414 billion, which is 17% more than last year. This means more people wanted to buy their homes!

The average price people paid for each square foot of space went up by 12% – that’s ₹9,500 per square foot. They also collected money from customers faster, up 22% to ₹1,140 billion. This is a sign that people trust Puravankara and their homes.

The company sold 1.49 million square feet of space, which is a 4% increase compared to last year. They delivered 1,116 new homes to people. This is great news for people who have been waiting for these new apartments.

Ashish Puravankara, the boss of the company, said they kept growing because people still like buying their homes. He believes the company’s brand is strong. The company recently launched a new apartment building called Purva Silversky in Bengaluru.

Puravankara has been building homes for a very long time. They have finished 93 projects in many cities – Bengaluru, Chennai, Hyderabad, and more. They have a lot of land to build on, which is good for the future.

Takeaway: Investing in strong companies with steady growth is a smart move for long-term financial success.

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