Housing Development & Infrastructure (HDIL) is currently trading at Rs. 79.75, down by 16.50 points or 17.14% from its previous closing of Rs. 96.25 on the BSE.
The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 97.40 and Rs. 75.25 respectively. So far 18182804 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.40 on 22-Feb-2012 and a 52 week low of Rs. 59.60 on 24-May-2012.
Last one week high and low of the scrip stood at Rs. 122.90 and Rs. 75.25 respectively. The current market cap of the company is Rs. 3301.75 crore.
The promoters holding in the company stood at 37.36% while Institutions and Non-Institutions held 42.13% and 20.51% respectively.
Housing Development and Infrastructure’s (HDIL) promoter and Citigroup Global Markets have offloaded their stake in the company via open market transaction on January 22 and 23. Sarang Rakesh Wadhawan, one of the company’s promoters sold around 50 lakh shares in secondary market to raise Rs 57 crore. Meanwhile, Citigroup Global Markets sold 49.30 lakh or about 1.16% stake in the company though a bulk deal on NSE at Rs 100.60 a piece on Jan 23.
Earlier in December, Credit Suisse (Singapore) offloaded 20.96 lakh shares of HDIL at an average price of Rs 114.67 per share taking the deal size to Rs 24 crore.
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).