Parsvnath Developers has target of Rs 63Thunuguntla

Parsvnath Developers has target of Rs 63, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-TV18, "Parsvnath Developers has day target of Rs 63. The real estate stocks have battered very badly recently but there is a good chance that the stock may see some decent bounce from the technical point of view. We are not that bullish on real estate stocks but the stock is selected for the day with a day target price of Rs 63 entirely from trading point of view."