Meanwhile, the BSE Sensex was up 31.30 points, or 0.17% to 18,204.13

On BSE, 23,650 shares were traded in the counter as against an average daily volume of 2.02 lakh shares in the past one quarter.

The stock hit a high of Rs 133 and a low of Rs 131.20 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 92.70 on 3 November 2009.

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

The mid-cap stock outperformed the market over the past one month till 5 August 2010, rising 6.15% as compared to the Sensex's 4.19% rise. It also outperformed the market in past one quarter, advancing 7.11% as against 6.35% rise in the Sensex.

Parsvnath Developers is reported to be in discussions with private equity funds such as Red Fort Capital and SUN-Apollo for raising funds to complete six of its projects in Delhi, Noida, Ghaziabad and Chandigarh. Besides, Parsvnath Developers will also use the funds raised from private equity investors to repay debt which stood at Rs 1836.67 crore as at end March 2009, reports suggest.

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.