Type: Engineering, Constructions, Automobile Shipping
Current Price: Rs 278
Target Price: Rs100Time Outline: 12Months
Reason for Recommendation 1: The scrip certainly is in deep downtrend and this could go much lower because there was a lot of fizz about this scrip.
Reason for Recommendation 2: Perhaps the investor now needs to keep a stop of about Rs 222 on Parsvnath , this stock will under perform even if does not go much lower from here.
Reason for Recommendation 3: Most of all I have doubts as to the execution capabilities of management given the number of projects the company has gobbled up in the recent past.
Reason for Recommendation
4: Its SEZ ventures are risky owing to the nature of its business been related to dealing with the government policies.
Reason for Recommendation 5: There can be agonizing negative cash flow issues relating to its hostile procurement of projects.Sector Notes/Buoyancy: Real Estate development the main business of the company is notorious in nature when it comes to execution of large projects in Metro Cities Investment Risk Notes: High Risk to Hold the fizz seems to come to an end from here.
Conclusion: SellCompany
Website: http://www.parsvnath.com
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