HDIL firms up after Merrill Lynch acquires over 0.50% of it’s stake

20 Nov 2013

Housing Development & Infrastructure (HDIL) is currently trading at Rs 49.80, up by 1.65 points or 3.43% from its previous closing of Rs 48.15 on the BSE.

The scrip opened at Rs 48.20 and has touched a high and low of Rs 50.05 and Rs 48.10 respectively. So far 985644 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 123.95 on 16-Jan-2013 and a 52 week low of Rs 26.10 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs 48.50 and Rs 41.15 respectively. The current market cap of the company is Rs 2076.16 crore.

The promoters holding in the company stood at 36.17% while Institutions and Non-Institutions held 33.86% and 29.98% respectively.

Merrill Lynch Capital Markets ESPANA S.A. SVB has reportedly bought 21.90 lakh shares or 0.52% stake of Housing Development and Infrastructure (HDIL) through the open market route. The shares were purchased on an average price of Rs 47.21 valuing the transaction to Rs 10.34 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).

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323