HDIL drops in volatile trade after foreign fund buying

Housing Development & Infrastructure lost 1.01% to Rs 92.65 at 15:18 IST on BSE, after a foreign fund bought shares of the realty firm in a bulk deal yesterday, 5 June 2017.

Meanwhile, the S&P BSE Sensex was down 129.05 points or 0.41% at 31,180.44. The S&P BSE Mid-Cap index was down 92.05 points or 0.62% at 14,732.01.

On the BSE, 29.81 lakh shares were traded on the counter so far as against the average daily volumes of 22.31 lakh shares in the past one quarter. The stock saw high intraday volatility. The stock had hit a high of Rs 96.15 and a low of Rs 91.55 so far during the day. The stock had hit a 52-week high of Rs 108.75 on 12 July 2016 and a 52-week low of Rs 52.25 on 27 December 2016.

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

Shares of Housing Development & Infrastructure (HDIL) had gained 4.23% to settle at Rs 93.60 yesterday, 5 May 2017. Foreign fund Societe Generale bought 25.32 lakh shares of HDIL at Rs 92.04 per share in a bulk deal on NSE yesterday, 5 June 2017.

HDIL's consolidated net profit rose 28% to Rs 60.88 crore on 61.62% decline in net sales to Rs 129.51 crore in Q4 March 2017 over Q4 March 2016.

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

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