Parsvnath Developers to raise Rs 120 cr; stock up

Parsvnath Developers will raise Rs 120 crore from Kotak Realty fund, reports The Economic Times.

At 09:30 hrs the share was quoting at Rs 61.85, up Rs 0.90, or 1.48%. It touched an intraday high of Rs 62.25 and an intraday low of Rs 61.05.
 
It was trading with volumes of 18,179 shares. In the previous trading session, the share closed up 4.73% or Rs 2.75 at Rs 60.95.
The company's trailing 12-month (TTM) EPS was at Rs 1.73 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 35.75. The latest book value of the company is Rs 58.80 per share. At current value, the price-to-book value of the company was 1.05.