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Parsvnath Developers
News Update
Posted by :
bhojasTracked by: 0 Boarder
Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects.
In its latest quarter, the BSE-listed Parsvnath added 66 acres of land.
Pradeep Jain, chairman at Parsvnath, said the focus is to acquire land for setting up integrated townships. "We are not very aggressive in acquiring new land to boost our land bank."
"I think we would invest Rs 400-Rs 500 crore out of internal accruals, depending on liquidity to acquire land in this financial year," Jain said in a conference call with analysts on Monday.
The realtor further added that land acquisition for its 8 special economic zone (SEZ) sites is complete. These are at Dehradun, Indore, Kochi, Gurgaon, Nanded, Hyderabad, Mysore and Jaipur.
"Construction for most of the SEZs will start in two months," Jain said.
Parsvnath is setting up a 370-acre pharmaceutical SEZ in Nanded, Maharashtra. It is also in advanced talks to sell stake in its SEZ projects to fund its developmental plans. The realtor is in talks with at least five private equity funds, including Saffron India Real Estate Fund. The formal announcement for the stake dilution is expected in a month.
The developer plans to build 9 five-star and 4 four-star hotels. It also expects to open hotels in Shirdi and Mohali within 9-12 months.
For its retail foray, Parsvnath plans to open five to ten stores with formats including hypermarkets, convenience stores, food joints etc., during the current fiscal.
It is in talks with a major retailer for a joint venture, and the announcement is expected within a month. Per store costs would be around Rs 3,500-4,000 per square feet.
-manish...
In reply to:
News Update
Posted by : bhojas
Real-estate firm Parsvnath Developers Ltd said on Tuesday it will invest 250 million rupees for a four-star hotel project near Lucknow in Uttar Pradesh.
The 130-room hotel will have total developable area of 150,000 sq ft, including a shopping mall. It is to be managed by Fortune Park, the hotel unit of India's top cigarette maker ITC Ltd.
Earlier this year, Parsvnath signed a pact with the hotel chain, for the latter to manage more than 4,000 rooms in 50 hotels that it will develop.
-manish 
News Update
Posted by : bhojasTracked by: 0 Boarder
Real-estate firm Parsvnath Developers Ltd said on Tuesday it will invest 250 million rupees for a four-star hotel project near Lucknow in Uttar Pradesh.
The 130-room hotel will have total developable area of 150,000 sq ft, including a shopping mall. It is to be managed by Fortune Park, the hotel unit of India's top cigarette maker ITC Ltd.
Earlier this year, Parsvnath signed a pact with the hotel chain, for the latter to manage more than 4,000 rooms in 50 hotels that it will develop.
-manish...
FY09 Q1 Results
Posted by : bhojasTracked by: 0 Boarder
FY09 Q1 topline of 372 crore, bottomline of 74 crore.
EPS at 4/-
-manish...
down target of RS 75
Posted by :
sachinamTracked by: 0 Boarder
this stock is dlf and unitech in the making in long term.goodluck....
In reply to:
down target of RS 75
Posted by : sanat007
as this stock is not flaring up , there is a possibility of more down trend. even 9 mutual funds have sold their holdings from this particular counter
down target of RS 75
Posted by : sanat007Tracked by: 0 Boarder
as this stock is not flaring up , there is a possibility of more down trend. even 9 mutual funds have sold their holdings from this particular counter
...
Buy Parsvnath with intra-day trg of 144
Posted by : Parth PatelTracked by: 0 Boarder
Real estatte sector is facing short covering rally that can easily take parsvnath to 175-180 level,so buy this stock with intraday trg of 144-146...
lOOking gud
Posted by :
pkjattkingTracked by: 0 Boarder
could pop to 175 ........
Good investment pick
Posted by : thirsty fishTracked by: 0 Boarder
so, dude / sir should i put my money on it right now on the button? ...
In reply to:
Good investment pick
Posted by : vinod1026
Parsvnath chief recently on CNBC confirmed that they are in talks with 3-4 private equity players for some stake sale in few projects.Do not forget these are smart guys and know fully well how to extract pound of flesh.The stock prices accordingly start jumping upwards vigorously on getting the smallest such hint.Remember last time Parsvnath sold such stake in Kurla project,stock had sky rocketed to about Rs.600/-within days of getting such news.If you see carefully the price and volume movement of the last few days,it becomes abundantly clear that lot of accumulation is happening in the stock by informed investors.So get ready for a lot of fireworks in this conter over the next few days.Even otherwise fundamentally it appears to be a multibagger at such ridiculous low prices.They have a very big land bank in and around Delhi and there is no price softening there. Rather prices in this belt have firmed up by about 30 to 40% in the last few months.I have not come across a single person selling his property cheap.With crude softening and likely to fall below 100$/barrel due to huge pressure of unwinding of very large speculative positions, inflation will be arrested which is a very big positive for interest senstive real estate stocks.RBI is likely to signal the end of rising interest rates and beginning of an era of falling interest rates.With huge FDI coming to real estate,this stock appears to be headiong towards past glory.
Good investment pick
Posted by : vinod1026Tracked by: 0 Boarder
Parsvnath chief recently on CNBC confirmed that they are in talks with 3-4 private equity players for some stake sale in few projects.Do not forget these are smart guys and know fully well how to extract pound of flesh.The stock prices accordingly start jumping upwards vigorously on getting the smallest such hint.Remember last time Parsvnath sold such stake in Kurla project,stock had sky rocketed to about Rs.600/-within days of getting such news.If you see carefully the price and volume movement of the last few days,it becomes abundantly clear that lot of accumulation is happening in the stock by informed investors.So get ready for a lot of fireworks in this conter over the next few days.Even otherwise fundamentally it appears to be a multibagger at such ridiculous low prices.They have a very big land bank in and around Delhi and there is no price softening there. Rather prices in this belt have firmed up by about 30 to 40% in the last few months.I have not come across a single person selling his property cheap.With crude softening and likely to fall below 100$/barrel due to huge pressure of unwinding of very large speculative positions, inflation will be arrested which is a very big positive for interest senstive real estate stocks.RBI is likely to signal the end of rising interest rates and beginning of an era of falling interest rates.With huge FDI coming to real estate,this stock appears to be headiong towards past glory. ...
BSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Ltd has informed BSE regarding a Press Release dated August 05, 2008 titled "Parsvnath Planet Plaza gets "4 Star" approval from The Ministry of Tourism"...
NSE Announcements on Parsvnath
Posted by : MMB MessengerTracked by: 0 Boarder
Parsvnath Developers Limited has informed the Exchange regarding a press release dated August 05, 2008, titled "Parsvnath Planet Plaza gets "4 Star" approval from The Ministry of Tourism". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Dividend record date?
Posted by : GuestTracked by: 0 Boarder
Could anybody say what is the record date for dividend? Parsvnath announced dividend after March, 2008 results and now after June, 2008 results. But I have not recevived any dividend yet.
Thanks in advance.
Ashok Kumar...
Buy Parsvnath with intra-day trg of 134
Posted by : Parth PatelTracked by: 0 Boarder
Parsvnath is very stron intoday's trade and it has given a break-out today ,so buy with current prise with the intraday trg of 134 and weekly trg of 156...
buy this golden stock will touch 500 leve
Posted by : vasantenclaveTracked by: 0 Boarder
While I am long Parvnath, Im not sure I agree with you guys that this is a great stock and its going to go back all the way to 500/600. The real estate sector is under pressure not because there is a temporary problem, its under stress because their entire business model is now being perceived as too agressive and risky i.e. less likely to obtain funding at reasonable rates (so the business is screwed) and you cant take that land bank home to meet mother in any case. net net - buy a few RE stocks if you expect a market bounce...but its not the best thing in the world anymore.....
In reply to:
buy this golden stock will touch 500 leve
Posted by : earlybird77
you are not the only one... i've 500@350...
buy this golden stock will touch 500 leve
Posted by : vikasagg78Tracked by: 0 Boarder
Any fundamental theory about your claim as me ...
In reply to:
buy this golden stock will touch 500 leve
Posted by :
jebasingh2003
this stock is under fund buying will touch 500 rs level soon
Boarders Outlook on Parsvnath
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