Parsvnath Developers touches the roof on the bourses

30 Nov 2017

Parsvnath Developers is currently trading at its upper circuit limit of Rs. 33.10, up by 1.55 points or 4.91% from its previous closing of Rs. 31.55 on the BSE.

The scrip opened at Rs. 33.10 and has touched a high and low of Rs. 33.10 and Rs. 32.50 respectively. So far 480685 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 33.10 on 30-Nov-2017 and a 52 week low of Rs. 11.88 on 12-Jan-2017.

Last one week high and low of the scrip stood at Rs. 33.10 and Rs. 25.25 respectively. The current market cap of the company is Rs. 1440.45 crore.

The promoters holding in the company stood at 71.12%, while institutions and non-institutions held 6.46% and 22.42% respectively.

An arbitral tribunal has upheld Parsvnath Developers' claim of Rs 1,034 crore in a dispute with Rail Land Development Authority (RLDA) related to a project in the national capital. RLDA has been directed to pay this amount, along with 4 per cent interest rate from July 15, 2015 till the payment date.

In February 2016, Parsvnath Developers had terminated its development agreement with RLDA due to a title dispute related to a 38-acre land stretch that the company had bought for Rs 1,651 crore.

Parsvnath Developers has diversified portfolio, which includes, integrated townships, group housing, commercial complexes, hotels, IT parks, among others.

Related Parsvnath Developers Ltd. Links:

Parsvnath Developers Share Price

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