Housing Development & Infastructure Ltd (HDIL) today opened at Rs 305.50, then zoomed to a high of Rs 313. The stock there after slipped and touched a low of Rs 293.The stock is currently trading at Rs 297, down over 3%.
Around 2 million shares have been traded on the BSE So far.
According to a release issued by the company to the BSE, the company has posted a net profit of Rs 61.92 crore for the quarter ended March 31, 2009 as compared to Rs 708.24 crore for the quarter ended March 31, 2008. There has been a 91% decrease in the net profit.
Total Income has decreased to Rs 388.77 crore as against the Rs 989.49 crore in the previous quarter, a year ago. There has been a 61% decline in the total income in this quarter.