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HDIL jumps after special committee OKs allotting warrants to promoter

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rose 6.43% to Rs 67.90 at 9:50 on after a special committee of board approved allotment of 2 crore warrants at Rs 70.50 each to Sarang Wadhawan, promoter of the company.

The announcement was made on Saturday, 13 January 2018.

Meanwhile, the Sensex was up 230.94 points, or 0.67% to 34,823.33.

On the BSE, 25.57 lakh shares were traded in the counter so far, compared with average daily volumes of 31.83 lakh shares in the past two weeks. The stock had hit a high of Rs 69.05 and a low of Rs 65.40 so far during the day. The stock hit a 52-week high of Rs 101.85 on 16 May 2017. The stock hit a 52-week low of Rs 45.10 on 9 August 2017.

As on 30 September 2017, Sarang Wadhawan held 4.415% stake in (HDIL). Total promoter holding in the company stood at 36.49% as on 30 September 2017.

On a consolidated basis, HDIL's net profit rose 64.32% to Rs 60.88 crore on 26.09% decline in net sales to Rs 161.52 crore in Q2 September 2017 over Q2 September 2016.

is a company, with significant operations in the Mumbai Metropolitan Region.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 15 2018. 09:50 IST