Foreign institutional investors (FII) have continued to pile up positions in Housing Development & Infrastructure (HDIL) since Reserve Bank of India’s (RBI) surprise rate cut. Janus Investment fund has bought 2.24 million shares of HDIL at an average price of Rs 06.08 on February 5. Moreover, GMO Emerging market fund purchased 2.27 million shares of the company at 85.44 rupees per share on January 28, 2015.
Earlier on January 15, 2015, Platinum Asset Management bought 2.17 million shares of the company at 72.51 rupees per share raising its stake to 9.3 pct in the company from 8.8 pct earlier.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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