This small-cap real estate developer stock zoomed 14 per cent in a day; the stock price witnessed a 6-year high breakout; do not miss this action!

Real estate developer recorded a 102 per cent jump in its total sales by value to 16 billion Indian rupees in the fiscal second quarter that ended September 30

In a remarkable turn of events today, Puravankara Ltd has experienced a significant breakout, reaching a staggering 6-year high with the current market price soaring to Rs 184.9. The stock traded at a new 52-week high value of Rs 189 on December 8, 2023. On the same date, there was a significant increase in trading volume, with the volume surging by more than 8.11 times.

In today's day trading session, Puravankara Ltd exhibited notable volatility, opening at Rs 160.9 and reaching a high of Rs 189, while experiencing fluctuations to a low of Rs 160.55. The current market price stands at 184.9, showcasing a significant upward movement compared to the previous close of Rs 159.8. The stock's impressive 15.71 per cent change underscores the dynamic market activity. This surge may be indicative of positive market sentiment and heightened investor confidence.

Puravankara’s stock has performed admirably over the last month, increasing by 25.57 per cent. Over the last three months, the firm has grown by 59.35 per cent. The one-year performance shows a significant increasing trend, with a noteworthy 67.08 per cent increase. Furthermore, Puravankara Ltd has demonstrated extraordinary endurance and continuous development over the previous three years by gaining a multibagger returns of 151.48 per cent.

Real estate developer Puravankara recorded a 102 per cent jump in its total sales by value to 16 billion Indian rupees in the fiscal second quarter that ended September 30, according to the filing. The total area sold by the company also rose 89 per cent year-on-year to 2.01 million square feet, with a 7 per cent growth in its sales realization at 7,947 per square ft.

The robust performance is underscored by the company's long-standing track record of maintaining a healthy dividend payout of 38.7 per cent. This financial strength not only reinforces investor trust but also positions Puravankara Ltd as an attractive prospect in the Small-Cap stock arena.

Disclaimer: The article is for informational purposes only and not investment advice.