{"id":140894,"date":"2024-12-17T15:15:24","date_gmt":"2024-12-17T09:45:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=140894"},"modified":"2024-12-17T15:15:33","modified_gmt":"2024-12-17T09:45:33","slug":"penny-stock-hits-5-upper-circuit-after-fii-bought-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-5-upper-circuit-after-fii-bought-stake-in-the-company\/","title":{"rendered":"Penny stock hits 5% upper circuit after FII bought stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1840451444\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>India&#8217;s real estate and EPC (Engineering, Procurement, and Construction) segments are experiencing robust growth, driven by rapid urbanization, rising disposable incomes, and government initiatives. The real estate sector contributes around 7% to India\u2019s GDP, with expectations to reach $1 trillion by 2030. Demand for affordable housing, commercial spaces, and luxury projects is on the rise, fueled by schemes like PMAY (Pradhan Mantri Awas Yojana) and REITs.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3944741437\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The EPC segment is thriving due to increased infrastructure development, including highways, smart cities, metro rail projects, and renewable energy installations. With government spending on Bharatmala, Sagarmala, and AMRUT projects, the sector offers vast growth opportunities.\u00a0<\/p><p>Companies like L&amp;T, Tata Projects, and Adani Infra are leading players shaping India&#8217;s infrastructure and real estate future.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price&nbsp;<\/strong><\/h2><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/PARSVNATH\" target=\"_blank\" rel=\"noreferrer noopener\">Parsvnath Developers Ltd<\/a><\/strong> locked at the upper circuit of 5% at Rs. 23.6 as of December 17, 2024.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1504637630\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Updates&nbsp;<\/strong><\/h2><p>Leading Light Fund VCC &#8211; The Triumph Fund has acquired a 2% stake in a prominent real estate developer at an average price of Rs. 22.5 per share. This strategic investment highlights the fund\u2019s confidence in the company\u2019s growth potential and long-term value.&nbsp;<\/p><p>Meanwhile, the promoter, Neha Jain, sold a 0.91% stake in the company at the same price, amounting to a partial dilution of her holdings. The transaction reflects an active reshuffling of the company&#8217;s shareholder base, with institutional investors showing increasing interest. This deal marks a significant development for the real estate developer, signaling enhanced market credibility and the potential for future capital appreciation, supported by strong fundamentals and sectoral growth prospects.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Parsvnath Developers Ltd (PDL), incorporated in 1990, is a prominent real estate company engaged in the promotion, construction, and development of properties. As the first real estate company in India to integrate with ISO 9001, 14001, and OHSAS 18001, it emphasizes quality, environmental sustainability, and occupational safety.&nbsp;<\/p><p>PDL operates in over 37 cities across 13 states, developing a wide range of properties, including commercial spaces, residential complexes, affordable housing, luxury projects, shopping malls, hypermarkets, hotels, multiplexes, IT parks, and special economic zones (SEZs). The company also undertakes contract-based construction projects. With its diverse portfolio and expansive presence, Parsvnath Developers is a key player in shaping India\u2019s urban landscape and delivering modern infrastructure.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Dipangshu Kundu&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3827599083\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s real estate and EPC (Engineering, Procurement, and Construction) segments are experiencing robust growth, driven by rapid urbanization, rising disposable incomes, and government initiatives. The real estate sector contributes around 7% to India\u2019s GDP, with expectations to reach $1 trillion by 2030. Demand for affordable housing, commercial spaces, and luxury projects is on the rise, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[25519,25522,25520,25523,948,936,3157],"class_list":["post-140894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-parsvnath-developers","tag-parsvnath-developers-news","tag-parsvnath-developers-share-price","tag-parsvnath-developerslatest-news","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock hits 5% upper circuit after FII bought stake in the company - 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