Puravankara shares rally 12% as Q3 sales, collections jump, breaking the slump for the realty stock

Puravankara shares jumped more than 12% after the real estate developer reported strong double-digit growth in Q3 sales value and collections, aided by higher realisations, steady deliveries and fresh land additions across key markets. The rally snapped a five-day losing streak for the stock, though it remains sharply lower over the past year.