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HDIL slips 3% on Rs 100 cr penalty
BS Reporter / Mumbai Sep 14, 2009, 16:14 IST

The stock touched touched a high of Rs 310 and finally ended with a loss of 3.5% at Rs 302. Around 4.92 million shares changed hands on the BSE today.
__________________________________________________
(Updated at 1004 hrs)

HDIL has tumbled over 7% in early trades following the Rs 100 crore tax slap by the IT department.

The stock plunged to a low of Rs 290, and is now trading 5.5% lower at Rs 296. The stock had touched a 52-week high of Rs 330 on September 10, 2009. The counter has today clocked volume of around 382,500 shares so far on the BSE.

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According to reports, the Income tax department has slapped a Rs 100 crore tax notice after two days of raid on the offices of Mumbai-based property developer HDIL and residences of some of its directors.

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