Hot Pursuit     30-Apr-10
Puravankara Projects builds on robust quarterly earnings
Puravankara Projects soared 5.61% to Rs 112.90 at 9:37 IST on BSE, after consolidated net profit jumped 199.93% to Rs 43.73 crore on 80.82% surge in net sales to Rs 122.81 crore in Q4 March 2010 over Q4 March 2009.

The company declared its results after market hours on Thursday, 29 April 2010.

Meanwhile, the BSE Sensex was up 125.44 points, or 0.72% to 17,628.91.

On BSE, 77,290 shares were traded in the counter as against an average daily volume of 1.18 lakh shares in the past one quarter.

The stock hit a high of Rs 114.90 and a low of Rs 108.25 so far during the day. The stock had hit a 52-week high of Rs 136.50 on 25 August 2009 and a 52-week low of Rs 62.10 on 14 May 2009.

The mid-cap stock had outperformed the market over the past one month till 28 April 2010, gaining 7.56% as compared to the Sensex's 1.50% fall. It had underperformed the market in the past one quarter, rising 5.11% as compared to the Sensex's return of 6.58%.

The company's equity capital is Rs 106.74 crore. Face value per share is Rs 5.

Puravankara Projects' net profit rose 0.63% to Rs 145.32 crore on 7.52% increase in revenues to Rs 478.36 crore in the year ended March 2010 over the year ended March 2009.

At the time of announcing the results, the board of directors of the company recommended a final dividend at the rate of Re 1 per share for the year ended March 2010.

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