Housing Development & Infrastructure (HDIL) is currently trading at Rs. 68.90, up by 0.65 points or 0.95% from its previous closing of Rs. 68.25 on the BSE.
The scrip opened at Rs. 68.85 and has touched a high and low of Rs. 69.55 and Rs. 68.50 respectively. So far 258076 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.75 on 12-Jul-2016 and a 52 week low of Rs. 52.25 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 71.10 and Rs. 66.85 respectively. The current market cap of the company is Rs. 2996.80 crore.
The promoters holding in the company stood at 36.49%, while Institutions and Non-Institutions held 44.26% and 19.25% respectively.
HDIL has received an approval for divesting its 100% shareholding of its wholly owned subsidiary company ‘Excel Arcade’. The Finance Committee of the board at its meeting held on March 4, 2017, has approved for the same.
The company is holding 19,54,000 shares and had invested Rs 10.82 crore in Excel Arcade. It was meant to be a SPV for a project at Vikroli. Since the timeline for the project is uncertain, it was decided to divest the investment in the subsidiary company for Rs 17 crore.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).