Puravankara’s Stock Price Up Today After Subsidiary Gets Rs 272 Crore Order
By Ankur Chandra | Published at: Jun 19, 2025 11:47 AM IST
Bengaluru, June 19, 2025: Shares of Puravankara Limited (NSE: PURVA, BSE: 532891) experienced a strong rally in morning trade today, surging 3.13% to reach ₹288.70, up by 8.75 points at around 11:00 AM, becoming one of the Top 10 traded equities for the day. The rally in stock price followed the announcement that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited, has secured a civil works contract valued at ₹272.02 crore.
Civil Contract Win Details
According to the company’s regulatory filing, Starworth Infrastructure & Construction Limited has received a Letter of Intent (LoI) from Tru Dwellings Private Limited. The contract is for civil and finishing works at the “TRU AQUAPOLIS” residential apartment project located in Varthur, Bengaluru. This order is categorised as an EPC-commercial contract, meaning it encompasses Engineering, Procurement, and Construction elements. The execution of the project will proceed as per a formal contract agreement between the parties.
This disclosure was made in accordance with Regulation 30, read with Schedule III of the SEBI (LODR) Regulations, 2015, and aligns with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated Nov 11, 2024.
| Particulars | Details |
|---|---|
| Project | TRU AQUAPOLIS, Varthur, Bengaluru |
| Client | Tru Dwellings Pvt. Ltd. |
| Order Type | EPC – Commercial |
| Order Value | ₹272.02 crore |
| Awarded To | Starworth Infra (WOS of Puravankara) |
| Domestic/International | Domestic |
| Related Party Transaction | No |
| Promoter Interest | No |
Market Performance Snapshot
As of 11:00 AM, Puravankara stock saw heightened investor interest on the news, rising ₹8.75 to hit ₹288.70. Volume traded stood at 12.81 lakh shares with a traded value of ₹38.18 crore.
| Metric | Value |
|---|---|
| Previous Close | ₹279.95 |
| Day’s High / Low | ₹301.25 / ₹288.30 |
| VWAP | ₹298.04 |
| 52-Week High / Low | ₹569.60 / ₹208.70 |
| Free Float Market Cap | ₹1,750.72 crore |
| Total Market Cap | ₹7,023.19 crore |
| Buy/Sell Quantity | 4.66 lakh / 1.73 lakh |
| % Deliverable | 55.47% |
How Should Investors Take The Contract Win?
The new ₹272 crore contract is a positive sign for Puravankara, reflecting steady business momentum and order inflow for its subsidiary. It adds to revenue visibility and supports operational strength. While it may not significantly impact long-term valuations right away, the development is encouraging and could help maintain investor confidence in the near term.
About Puravankara Limited
Puravankara Limited, listed on both NSE and BSE, is a Bengaluru-based real estate major with core operations in residential and commercial project development. It was listed on August 30, 2007, and operates through its subsidiaries, including Starworth Infrastructure, for EPC projects.
The stock’s upward momentum reflects investor optimism over the contract win and its likely contribution to revenue visibility in FY26.
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