Meanwhile, the BSE Sensex was up 18.79 points, or 0.11% to 17,284.66

On BSE, 86,486 shares were traded in the counter as against an average daily volume of 2.15 lakh shares in the past one quarter.

The stock hit a high of Rs 115 and a low of Rs 109 so far during the day. The stock had hit a 52-week high of Rs 151.35 on 1 October 2009 and a 52-week low of Rs 46 on 14 May 2009.

The company's equity capital is Rs 198.55 crore. Face value per share is Rs 10.

The mid-cap stock had outperformed the market over the past one month till 13 May 2010, falling 2.86% compared with the Sensex's 3.12% fall. But, the stock underperformed the market in past one quarter, declining 3.62% as against 6.89% rise in the Sensex.

As per reports, the income tax (IT) department on Thursday searched seven offices of Parsvnath Developers in Delhi and the National Capital Region. The IT department also conducted survey in 22 premises of the company at various locations across the country.

Parsvnath Developers' consolidated net profit spurted 199.10% to Rs 34.72 crore on 1930.30% surge in net sales to Rs 354.89 crore in Q4 March 2010 over Q4 March 2009.