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Sunday, December 03, 2006

Construction companies performance since listing in 2006

Markets continued its momentum and closed at its all-time high on Friday with Nifty touching the 4000 mark. But that did not reflect on new listing of Parsvnath Developers, which slipped further on account of profit booking. But Lanco Infratech, which was another stock to get listed on the same week as Parsvnath Developers, witnessed buying interest after its average listing on the bourses.

Parsvnath Developers, the Delhi-based real estate developer, entered the capital market with an initial public offer, IPO to raise up to Rs 1,000 crore (Rs 10 billion).

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Atlanta (Offer Price:150|List Price:170|Current Price: 943.45)

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