PARSVANATH can give good returns from this stage

“The company is planning to invest up to USD 5-6 billion over 5-7 years to develop its land bank and special economic zones (SEZs). The company is having land bank of 191 million sq. ft. which includes 57 million sq. ft. in six SEZs. The company with strong execution capabilities is expected to move ahead of its peers. The company together with Indiabulls Real Estate has coupled to bid for ten prime location plots, which are offered by Indian Railways for commercial development across various cities. There is about 700 acres of railway land in 107 sites across the country that has been short listed for development. This will provide altogether generate new line of revenues for the company. The stock at the current market price of Rs 270 will trade 11.55 times to its earnings and 2.83 times to its book value and has great upside potential in medium to long - term. Therefore expecting the target price of Rs 482, which is approximately 75% up from the current market price of Rs 270. “.