Puravankara secures Rs 2,600 crore redevelopment project in Goregaon West

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹210.71

prior close

₹211.37

announcement price

In-mkt

timing

Nifty Microcap 250market+0.8%+2.5% vs market

Residential Commercial Projects peers, median of 65sector+0.5%+2.8% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.8 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.5

10m

+3.5

15m

+2.1

30m

+2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3+0.8+2.5+0.5+2.8

Next day

+0.7+2.5-1.8+1.2-0.5

+1.6+2.3-0.8+1.5+0.1

+2.6+2.8-0.1+1.8+0.8

+2.7+4.1-1.3+2.5+0.2

+2.1+2.5-0.4+2.0+0.1

-0.7+1.2-1.9+0.7-1.4

15d

-1.9-0.8-1.1-3.4+1.6

-4.1-1.7-2.4-3.6-0.6

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Puravankara has secured redevelopment rights for three residential societies in Bangur Nagar, Goregaon West, Mumbai. Spread over 4.68 acres, the project offers around 1.05 million sq ft of developable area with a Gross Development Value of Rs 2,600 crore. This is the company's eighth redevelopment project in Mumbai, taking its total Mumbai redevelopment portfolio GDV to roughly Rs 17,500 crore.

Likely market impact

Strengthens Mumbai redevelopment pipeline; eighth project lifts portfolio GDV to roughly Rs 17,500 crore. Positive for revenue visibility.