Hold Parsvnath Developers: Shah

Gaurang Shah of Geojit Financial Services is of the view that one should hold on Parsvnath Developers .

"As far as the real estate and the development story goes, ofcourse we are quite comfortable that the performance will improve going forward, a lot will depend upon where the land banks are situated, whether they are in the heart of the city or outskirts of the city and if there is any correction coming in, our view is that the land banks which are in the heart of the city might be affected a lot but as far as Parsvnath is concerned, if anybody has got the shares at IPO price or has got entered at lower levels should hold on and should enter at current levels also in a staggard way, quite comfortable and the descent returns from about six-eight months perspectives is expected."