Meanwhile, the BSE Sensex was up 157.16 points or 0.8% at 19,820.80.

On BSE, 25,000 shares were traded in the counter as against average daily volume of 1.15 lakh shares in the past one quarter.

The stock hit a high of Rs 112 and a low of Rs 108.50 so far during the day. The stock had hit a 52-week high of Rs 112.80 on Friday, 11 January 2013. The stock had hit a 52-week low of Rs 55.05 on 18 May 2012.

The stock had outperformed the market over the past one month till 11 January 2013, surging 16.05% compared with the Sensex's 1.43% rise. The scrip had also outperformed the market in past one quarter, jumping 52.47 % as against Sensex's 4.57% surge.

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

Shares of Puravankara Projects had gained 6.83% in three trading sessions to settle at Rs 111 on Friday, 11 January 2013, from a recent low of Rs 103.90 on 8 January 2013.

Puravankara Projects' consolidated net profit jumped 89.1% to Rs 50.19 crore on 37.8% growth in net sales to Rs 271.01 crore in Q2 September 2012 over Q2 September 2011.

Puravankara Projects is one of the leading real estate companies in India, with significant presence in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, and overseas in the United Arab Emirates, Kingdom of Saudi Arabia, and Sri Lanka.