Housing Development and Infrastructure (HDIL) has surged over 8% to Rs 64.70, its highest level since March 2013, on back of heavy volumes on the National Stock Exchange (NSE).
The stock of the Mumbai-based real estate developer has rallied nearly 30% from Rs 49.80 since March 26 after the Kotak Securities bought an equity shares worth of Rs 11 crore through open market purchase.
On March 27, 2014 Kotak Securities Ltd. bought 2.13 million shares representing 0.50% stake in HDIL at Rs 51.56 on the NSE.
Today, the stock opened at Rs 59.65 and touched a low of Rs 58.60 on the NSE. Till 1253 hours, a combined 20.56 million shares changed hands on the counter on the NSE and BSE.
The stock of the Mumbai-based real estate developer has rallied nearly 30% from Rs 49.80 since March 26 after the Kotak Securities bought an equity shares worth of Rs 11 crore through open market purchase.
On March 27, 2014 Kotak Securities Ltd. bought 2.13 million shares representing 0.50% stake in HDIL at Rs 51.56 on the NSE.
Today, the stock opened at Rs 59.65 and touched a low of Rs 58.60 on the NSE. Till 1253 hours, a combined 20.56 million shares changed hands on the counter on the NSE and BSE.