Buy Parsvnath Developers Ltd. CMP. Rs. 270.75, 6 months Target Rs.400

Real Estate sector in India is growing at a good pace. The company is developing a mall on 18,632 sq mt of land at sector Delta-II in Greater Noida. Parsvnath Developers has obtained the completion and occupancy certificate from director, Town and Country Planning, Haryana for 228 units of Parsvnath Greenville, the residential project located on Main Gurgaon Sohna Road. Parsvnath Developers has been awarded the construction contract of Sai Ashram at Shirdi in Maharashtra. All this makes Parsvnath Developers an attractive investment stock.

Before the Jan 2008 stock market crash it had touched 52 week high of Rs.598.00. At the current price of Rs 270.75 it is surely a good buy.