Puravankara Shares Dip 2% Following Weak New Project Launches

Puravankara Limited, a prominent mid-tier player in the real estate sector, witnessed a 2% decline in its share price early in the trading day, reflecting investor concerns over slow realizations from their new project launches. The stock has been under pressure amid weak quarterly results and subdued market sentiment surrounding its sales momentum, thus leading to decline of 0.56% to ₹227.40 during intra-day trading.

Weak New Launches Impact Investor Sentiment

The slide in Puravankara shares was largely attributed to underwhelming sales from its new launches. Despite the company’s efforts to expand its project portfolio, the market response has been lukewarm, signaling challenges in demand recovery. This has raised questions about the pace at which Puravankara can convert its pipeline into revenue.

Analysts highlight that the slowdown in new project bookings, coupled with rising inventory levels, has dampened growth prospects. The company’s inability to meet aggressive sales targets has led to cautious investor participation, contributing to the stock’s downward trajectory.

Financial Performance Reflects Challenges

However, Puravankara Limited reported its Q4FY25 earnings showing steady operational performance amid challenges in the real estate sector. The company recorded customer collections of ₹946 crore in Q4FY25, contributing to a total of ₹3,937 crore for the full fiscal year, reflecting a 9% year-on-year growth. Pre-sales for the quarter stood at ₹ 1,282 crore, bringing the total pre-sales for FY25 to ₹5,006 crore.

Market Reaction and Technical Indicators

During the recent trading session, Puravankara’s shares experienced significant volatility, hitting an intraday low of ₹221.76. The stock traded below its 5-day, 20-day, 50-day, and 200-day moving averages, highlighting sustained selling pressure.Investor participation has waned, with delivery volumes dropping compared to the previous averages. 

Conclusion

Despite a strong closing of FY25, Puravankara’s share price saw a decline of 0.56% amid disappointing new launch bookings.

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