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HDIL surges on plan to sell about 200 acres of land parcels in Baroda and Hyderabad

19 May 2015 Evaluate

Housing Development & Infrastructure (HDIL) is currently trading at Rs. 106.50, up by 1.20 points or 1.14% from its previous closing of Rs. 105.30 on the BSE.

The scrip opened at Rs. 104.90 and has touched a high and low of Rs. 108.10 and Rs. 103.85 respectively. So far 1590734 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 143.00 on 13-Apr-2015 and a 52 week low of Rs. 58.90 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 119.50 and Rs. 99.80 respectively. The current market cap of the company is Rs. 4487.53 crore.

The promoters holding in the company stood at 36.16% while Institutions and Non-Institutions held 49.22% and 14.62% respectively.

In a bid to improve cash-flows and cut debt, Housing Development & Infrastructure (HDIL) is in talks to sell about 200 acres of land parcels in Baroda and Hyderabad as part of its strategy to offload non-core assets. The Mumbai-based developer is targeting to reduce its net debt by 15 per cent in this fiscal to below Rs 2,500 crore.

Further, the company is planning to sell 70 acres of land in Kochi when market conditions in the southern city improve as the company wants to concentrate on real estate market in and around Mumbai.

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).

HDIL Share Price

2.38 0.01 (0.42%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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