Meanwhile, the BSE Sensex was up 165.11 points, or 0.86%, to 19285.91.

On BSE, 50.95 lakh shares were traded in the counter as against an average daily volume of 8.10 lakh shares in the past one quarter.

The stock hit a high of Rs 49.75 and a low of Rs 44 so far during the day. The stock had hit a 52-week low of Rs 25.10 on 11 February 2011. The stock had hit a 52-week high of Rs 74.73 on 29 September 2010.

The stock had outperformed the market over the past one month till 29 March 2011, soaring 64.24% compared with the Sensex's 7.28% rise. The scrip had however underperformed the market in past one quarter, falling 7.18% as against 5.60% decline in the Sensex.

The mid-cap real estate developer has an equity capital of Rs 217.59 crore. Face value per share is Rs 5.

Parsvnath Developers spurted 30.76% in six sessions to Rs 48.45 on 29 March 2011 from a recent low of Rs 37.05 on 21 March 2011. The stock had surged recently in tandem with other realty shares on hopes the central bank may not resort to steep interest rate hikes as global crude oil prices cooled, easing inflation worries.

On a consolidated basis, Parsvnath Developers' net profit rose 26% to Rs 31.37 crore on 27.6% decline in net sales to Rs 219.83 crore in Q3 December 2010 over Q3 December 2009.