New Delhi, June 19 -- Puravankara, a leading real estate developer in India, witnessed an 8% surge in its share price during Thursday's trading session on June 19, reaching Rs.301.25 apiece and on course to snap a seven-day losing streak, if trend persists.

The rebound came after the company announced that its wholly owned subsidiary-Starworth Infrastructure & Construction, which focuses on tech-driven EPC solutions-had received a Letter of Intent for civil and finishing works for the proposed residential apartment project "TRU AQUAPOLIS" in Varthur, Bengaluru, from Tru Dwellings Private Limited.

According to the company's exchange filing, the total value of the contract stands at Rs.272 crore.

Meanwhile, domestic brokerage firm Emkay ...