HDIL touches 52-week low

Lower than expected Q4 results disappointes street

Stock of HDIL touched a 52-week low on the BSE today. The company's scrip was trading at Rs 42.15 after the company posted a net loss of Rs 280 crore which let the street down.

The company also wrote off Rs 442 crore pertaining to the Mumbai airport rehabilitation project, which contributed to the share price decline on the bourse today.