Meanwhile, the S&P BSE Sensex was up 117.70 points or 0.45% at 26,348.36.

On the BSE, 96,000 shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one quarter. The stock had hit a high of Rs 13.30 and a low of Rs 12.70 so far during the day.

The stock had hit a 52-week high of Rs 30 on 7 December 2015 and a record low of Rs 10.90 on 15 November 2016. It had underperformed the market over the past one month till 2 December 2016, sliding 10.7% compared with the Sensex's 4.71% fall. The scrip had also underperformed the market in the past one quarter, declining 25.95% as against the Sensex's 8.07% fall.

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

The company's revenue declined 8.3% to Rs 55 crore in Q2 September 2016 over Q2 September 2015. Earnings before interest, taxation, depreciation, and amortization (EBITDA) rose 22.2% to Rs 11 crore. EBITDA margin edged higher to 20% in Q2 September 2016, from 15% registered a year ago.

Pradeep Jain, Chairman, Parsvnath Group, said, he sees a huge opportunity for the real estate sector as the move of demonetisation of Rs 500 and Rs 1000 notes will enhance liquidity of the banks and in turn enable banks to lower interest rates on home loans by a minimum 2% thereby bringing it to 7-8% from existing 9.5-10%.

Parsvnath Developers is a real estate and infrastructure development company. The company's diversified business portfolio comprises of residential, commercial (office and retail), DMRC projects, hotels, SEZs, IT parks and third party construction.