Meanwhile, the S&P BSE Sensex was up 246.75 points or 0.85% at 29,382.63.

On BSE, so far 4.18 lakh shares were traded in the counter as against average daily volume of 3.05 lakh shares in the past one quarter.

The stock hit a high of Rs 23.75 and a low of Rs 20.65 so far during the day. The stock had hit a 52-week high of Rs 37.90 on 10 June 2014. The stock had hit a record low of Rs 14.30 on 7 January 2015.

The stock had outperformed the market over the past one month till 16 February 2015, surging 15.45% compared with Sensex's 3.61% rise. The scrip had also outperformed the market in past one quarter, jumping 8.44% as against Sensex's 3.88% rise.

The small-cap company has equity capital of Rs 217.59 crore. Face value per share is Rs 5.

Shares of Parsvnath Developers have rallied 22.45% in two trading sessions from a recent low of Rs 19.15 on 13 February 2015, after the company on Saturday, 14 February 2015 reported strong Q3 December 2014 earnings. The stock had surged 7.31% to settle at Rs 20.55 on Monday, 16 February 2015. The stock market was closed yesterday, 17 February 2015, on account of Mahashivratri.

Parsvnath Developers's consolidated net profit rose 16.66% to Rs 14 crore on 42.06% decline in operating revenue to Rs 146 crore in Q3 December 2014 over Q2 September 2014. EBITDA (earnings before interest, taxation, depreciation, and amortization) rose 16.39% to Rs 71 crore in Q3 December 2014 over Q2 September 2014. EBITDA margin jumped to 49% in Q3 December 2014, from 24% in Q2 September 2014.

Parsvnath Group is into real estate industry. It is present in all verticals and has completed 55 projects.