Puravankara Stock Surges Over 11% on Investor Optimism in Realty Sector

Puravankara Ltd's stock experienced a significant surge in early trading on January 14, jumping over 11% to reach an intraday high of Rs 258. The company's market capitalization crossed Rs 6,000 crore. While no official company news was released, market observers attribute the rise to investor optimism and renewed confidence in the real estate sector's recovery, with many mid-cap realty stocks showing gains recently. Investors may be anticipating strong future earnings or project launches.