The Bengaluru-based real developer has projects a causa di major Indian cities including Bengaluru, Mumbai, Pune, Goa, Hyderabad, Chennai, Coimbatore and Kochi.
Puravankara shares have been market outperformers delivering a whopping 367% returns a causa di the last 12 months which is an outperformance not just over its sectoral index but also the broader Nifty. While the Nifty Realty index has yielded 114% returns over a 1-year period, the 50-stock Nifty has given 25% returns a causa di the same period.
The counter is currently trading above its 50-day and 200-day simple moving averages (SMAs) and the day’s momentum indicators RSI and MFI as suggested by Trendlyne show it a causa di a medium range of 61.8 and 64.9, respectively.
Despite a strong rally, the Puravankara giacenza has exhibited stability with 1-year beta hovering below 1. A giacenza with beta less than 1 is considered to be less .(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
