Shares of Parsvnath Developers hit the 20 per cent upper circuit to end at Rs 57.15 on receiving an environmental nod for its railway city township project. Parsvnath got clearance from the State Environment Impact Assessment Authority, Haryana, for a proposed township, Parsvnath Railway City at Panipat in Haryana.
The company plans to develop the 162 acre township in two years. The project will have 927 residential plots. The stock opened at Rs 54.2 and subsequently closed at its highest point of the day. Total trading volume was 33,757 shares.