The announcement was made at the fag end of trading hours yesterday, 22 December 2014. The stock had fallen 2.53% to settle at Rs 78.90 yesterday, 22 December 2014.

Meanwhile, the S&P BSE Sensex was up 112.01 points or 0.4% at 27,813.80.

On BSE, so far 5,275 shares were traded in the counter as against average daily volume of 36,886 shares in the past one quarter.

The stock hit a high of Rs 83.45 and a low of Rs 80.40 so far during the day. The stock had hit a 52-week high of Rs 133.90 on 11 July 2014. The stock had hit a 52-week low of Rs 50 on 3 March 2014.

The stock had underperformed the market over the past one month till 22 December 2014, declining 17.55% compared with the Sensex's 2.23% fall. The scrip had also underperformed the market in past one quarter, sliding 28.31% as against Sensex's 1.82% rise.

The small-cap real estate developer has equity capital of Rs 118.57 crore. Face value per share is Rs 5.

Puravankara Projects said that 99acres.com, India's premier real estate portal has partnered with Puravankara Projects and its subsidiary-Provident Housing to offer online booking services for their homes. 99acres.com has entered into a strategic partnership for the first time to offer this service to potential customers. The ‘Greatest Christmas Offer' is on from 21 December to 27 December 2014. The partnership with Puravankara will allow customers to view property on 99acres.com's 3D rendering platform to experience a virtual site visit and explore available units. Puravankara has listed two projects-Purva 270 and Provident Rays of Dawn, two of Bengaluru's high growth residential projects, for the offer.

Puravankara Projects' consolidated net profit declined 53.5% to Rs 21.40 crore on 43.9% growth in net sales to Rs 425.34 crore in Q2 September 2014 over Q2 September 2013.

Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad and Mysore. The company has 25.52 million sft of projects under development with additional 79.83 million sft in projected development over the next 7-10 years.