Puravankara Q2 sales bookings surge 62% to Rs 2,136 crore on housing demand
A quarterly results development with market-wide reach.
· Economic Times Markets
In the September quarter, Puravankara Ltd reported a remarkable surge in sales bookings, hitting Rs 2,136 crore, a jump from Rs 1,322 crore a year earlier. With the sales area expanding by 22 percent to 1.83 million square feet, the company also successfully delivered 977 homes, which amount to 0.97 million square feet.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Sector exposure: Capital Goods & Engineering, Capital Markets.
- The immediate tone of coverage reads positive.
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