Tulsian told CNBC-TV18, "Parsvnath Developers is just a matter of finance for financing pressures getting eased off. As I have been maintaining that maybe there was pressure of about Rs 1 crore shares which we have seen in fact easing out. It did not happen for first three days barring 30 lakh shares but it has happened on Thursday as well as on Friday. The moment we see that kind of pressure getting released or the shares getting changed the hands from one financial to another financial then you are left with no other problem. If you see today's general behavior of the market, everything has been up especially the real estate stocks. The kind of beating the stock has taken, even now it has been ruling exactly at 50% because it had a high of Rs 72."
He further added, "So it has largely to do with the financing problem. Since that has gone away, there won't be any pain in the near term and the stock can keep moving maybe to about Rs 45 as well."
