HDIL continues to surge, shares end nearly 20 pc higher

Shares of realty firm HDIL continued their rally for the second straight session today, zooming nearly by 20 per cent on robust performance in June quarter earnings.

The company's stock surged 18.27 per cent to close at Rs 30.75 on the BSE. During the day, it jumped 20 per cent to Rs 31.20.

On the NSE, shares of the company soared 19.84 per cent to end at Rs 31.10.

On the equity volume front, 85.71 lakh shares of the company were traded on the BSE and over 6 crore shares changed hands on the NSE during the day.

Moreover, shares of HDIL on Tuesday soared nearly 12 per cent.

Stock markets were closed yesterday for Independence Day.

HDIL on Tuesday reported more than a three-fold jump in the consolidated net profit at Rs 24.70 crore in the quarter ended June on higher sales.

Its net profit stood at Rs 7.54 crore in the year-ago period, the Mumbai-based company said in a regulatory filing.

Total income rose to Rs 171.35 crore during April-June, 2018-19 from Rs 89.65 crore in the year-ago period.