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Shares of Housing Development & Infrastructure (HDIL) rallied 4.4% at Rs 143, its highest level since August 2011 on the National Stock Exchange (NSE), in an otherwise subdued market.
Thus far in April, in the past seven trading sessions, the stock of real estate developer has surged 40% from Rs 102 on March 31, 2015, compared with 3.3% rise in the CNX Nifty.
On April 6, 2015, the foreign investors, 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.
Till 0943 hours, a combined 7.68 million shares changed hands on the counter on the NSE and BSE.
Thus far in April, in the past seven trading sessions, the stock of real estate developer has surged 40% from Rs 102 on March 31, 2015, compared with 3.3% rise in the CNX Nifty.
On April 6, 2015, the foreign investors, 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.
Till 0943 hours, a combined 7.68 million shares changed hands on the counter on the NSE and BSE.
