HDIL cracks after weak Q3 result

Housing Development & Infrastructure lost 4.67% to Rs 52.05 at 15:14 IST on BSE after consolidated net profit declined 52.86% to Rs 18.96 crore on 13.33% fall in total income to Rs 100.92 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours yesterday, 14 February 2018.

Meanwhile, the S&P BSE Sensex was up 136.83 points, or 0.4% to 34,292.78. The S&P BSE Small-Cap index was down 234.95 points, or 1.27% to 18,257.74.

On the BSE, 14.28 lakh shares were traded in the counter so far, compared with average daily volumes of 27.29 lakh shares in the past one quarter. The stock had hit a high of Rs 54.60 and a low of Rs 51.40 so far during the day. The stock hit a 52-week high of Rs 101.85 on 16 May 2017. The stock hit a 52-week low of Rs 45.10 on 9 August 2017.

The stock had underperformed the market over the past 30 days till 14 February 2018, declining 14.49% compared with 1.77% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 8.77% as against Sensex's 3.17% rise. The scrip also underperformed the market in past one year, falling 14.42% as against Sensex's 21.31% rise.

The small-cap company has equity capital of Rs 434 crore. Face value per share is Rs 10.

HDIL is a real estate development company, with significant operations in the Mumbai Metropolitan Region.

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