 "HDIL hits 52-week high after Merrill Lynch hikes stake")
Shares of Housing Development & Infrastructure (HDIL) were trading higher by 1% at Rs 130, extending its previous day’s 24% rally on the National Stock Exchange (NSE) after the foreign investor Merrill Lynch hiked its stake in the real estate developer through the open market.
On April 6, 2015, Merrill Lynch Capital Markets Espana S.A.SVB bought an additional 5.81 million shares representing 1.4% stake in HDIL at price of Rs 115.26 per share on the NSE, the bulk deal data shows.
As of December 31, 2014, Merrill Lynch Capital Markets Espana held 5.01% stake in HDIL, the shareholding pattern data shows.
The stock opened at Rs 131 and touched a 52-week high of Rs 131 on the NSE. Till 0948 hours, a combined 11.4 million shares changed hands on the counter on the NSE and BSE.
On April 6, 2015, Merrill Lynch Capital Markets Espana S.A.SVB bought an additional 5.81 million shares representing 1.4% stake in HDIL at price of Rs 115.26 per share on the NSE, the bulk deal data shows.
As of December 31, 2014, Merrill Lynch Capital Markets Espana held 5.01% stake in HDIL, the shareholding pattern data shows.
The stock opened at Rs 131 and touched a 52-week high of Rs 131 on the NSE. Till 0948 hours, a combined 11.4 million shares changed hands on the counter on the NSE and BSE.
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