Parsvnath Developers trades jubilantly on planning to invest Rs 100 crore

18 Dec 2017

Parsvnath Developers is currently trading at Rs. 29.30, up by 1.20 points or 4.27% from its previous closing of Rs. 28.10 on the BSE.

The scrip opened at Rs. 27.70 and has touched a high and low of Rs. 29.30 and Rs. 27.00 respectively. So far 17182 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 33.90 on 01-Dec-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. 29.30 and Rs. 27.00 respectively. The current market cap of the company is Rs. 1235.91 crore.

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

Parsvnath Developers will invest about Rs 100 crore to develop a shopping mall in the national capital. This will be part of the company’s strategy to generate rental income from leased commercial properties.

The company is developing a shopping mall at Netaji Shubhash Place in West Delhi. The total area of the shopping mall is 5 lakh square feet. The 5 acre project will be constructed in the next 18 months.

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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