Meanwhile, the BSE Sensex was up 46.48 points or 0.25% to 18,760.03.

On BSE, 1,281 shares were traded in the counter as against average daily volume of 12,215 shares in the past two weeks.

The stock hit a high of Rs 76 and a low of Rs 75 so far during the day.

The company has equity capital of Rs 106.74 crore. Face value per share is Rs 5.

Shares of Puravankara Projects had surged 6.06% in three trading sessions to settle at Rs 76.05 on Monday, 15 October 2012, from a recent low of Rs 71.70 on 10 October 2012.

Puravankara Projects during trading hours on Monday, 15 October 2012, said it has launched a Rs 300-crore ultra-premium residential project -- Purva Whitehall on Sarjapur main road in South Bangalore. Purva Whitehall is a 4 lakh square feet (sq. ft.) residential project comprising of 192 executive units with 3 and 4 bedroom apartments ranging from 1,867 sq. ft. to 2,425 sq. ft.

Puravankara Projects' consolidated net profit jumped 60.7% to Rs 50.05 crore on 30.3% growth in net sales to Rs 246.35 crore in Q1 June 2012 over Q1 June 2011.

Puravankara Projects is one among leading real estate company in India, with significant presence in Banglore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, and overseas in the United Arab Emirates, Kingdom of Saudi Arabia, and Sri Lanka. The company has successfully completed 34 residential and two commercial projects encompassing 7.80 million sq. ft. Currently, it has 25 million sq. ft. of projects under development with an additional 88 million sq. ft. in projected development over the next 7-10 years