Parsvnath Developers is currently trading at Rs. 24.15, up by 0.25 points or 1.05% from its previous closing of Rs. 23.90 on the BSE.
The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 24.50 and Rs. 24.00 respectively. So far 19365 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 37.90 on 10-Jun-2014 and a 52 week low of Rs. 22.25 on 07-Feb-2014.
Last one week high and low of the scrip stood at Rs. 25.50 and Rs. 23.05 respectively. The current market cap of the company is Rs. 1055.31 crore.
The promoters holding in the company stood at 74.25% while Institutions and Non-Institutions held 10.34% and 15.41% respectively.
In a bid to reduce debt, realty firm Parsvnath Developers is planning to raise up to Rs 1,000 crore through private placement of non convertible debentures (NCDs) and is also looking at selling non-core assets.
Currently, the company has a debt of about Rs. 1,200 crore. In June, the company had announced plans to either sell the land parcels worth Rs 1,000 crore in South and West India or form joint ventures with local builders for development.
Parsvnath Developers has diversified portfolio, which includes, integrated townships, group housing, commercial complexes, hotels, IT parks, among others. The company has total developable area of over 195.82 million square feet across all real estate verticals.
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