Meanwhile, BSE Sensex was down 165.55 points or 0.86% to 19,081.99 as US stocks tumbled on Monday, 26 November 2007, as investors worried rising US mortgage defaults and credit market losses will drag on the US economy, fueling fears that US consumers will slash spending during the vital holiday season.

On BSE 91,560 shares were traded in the counter. The scrip had an average daily volume of 3.62 lakh shares in the past one quarter.

The stock hit a high of Rs 354 and a low of Rs 344.15 so far during the day. The stock had a 52-week high of Rs 579 on 30 November 2006 and a 52-week low of Rs 221.60 on 7 March 2007.

The companys current equity is Rs 184.70 crore. Face value per share is Rs 10.

The current price of Rs 345.15 discounts Q2 September 2007 annualized EPS of Rs 21.82 by a PE multiple of 15.82.

Parsvnath plans to hold majority stake in the consortium. The formation of the consortium will ultimately depend on whether the Central Government permits the development of the Greater Noida airport, reports suggest.

Meanwhile, as per recent reports, Aditya Birla group's retail arm is close to tying up with Delhi-based Parsvnath Developers for a hypermarket and a supermarket in the capital. Another retail giant Reliance Retail is also learnt to be in talks with the real estate developer for setting up its hypermarket in Delhi.

On 18 October 2007, Parsvnath Developers (PDL) said, it would build another iconic residential development Parsvnath City at Indore, sprawling over 200 acres.

Parsvnath Developers net profit rose 105.9% to Rs 100.74 crore on 36.3% growth in net sales to Rs 397.24 crore in Q2 September 2007 over Q2 September 2006.

Parsvnath Developers is engaged in promoting and developing real estate. It includes township development, construction of retail shopping malls, hospitals, hotels and clubs.

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