HDIL gains on Credit Suisse stake buy

Credit Suisse (Singapore) bought 2.40 million shares of HDIL at Rs 104.09 per share through bulk deal on the NSE.

Housing Development and Infrastructure (HDIL) is trading higher by over 2% at Rs 109, extending its Thursday’s 6% rally, in an otherwise weak market after foreign investors bought over two million shares of real estate firm for Rs 25 crore via bulk deal.

On October 04, 2012 Credit Suisse (Singapore) Limited had bought 2.40 million shares of HDIL at Rs 104.09 per share through bulk deal on the NSE, the data shows.

The stock opened at Rs 108 and hit a high of Rs 110 on the BSE. As many as a combined 39.99 million shares have changed hands on the counter so far on both the exchanges.