Housing Development and Infrastructure (HDIL) has moved up 2% at Rs 165 after the company said that MMRDA has started the process of shifting eligible slum dwellers from Mumbai International Airport slums (MIAL) to Kurla Premiere compound and has issued allotment letters to the eligible slum dwellers for the 1st phase.
“The shifting of the eligible slum dwellers is a part of the Phase I of the MIAL slum rehabilitation (SRA) project undertaken by HDIL,” the company said in a filing to the stock exchanges.
The stock opened at Rs 162 and hit a high of Rs 166 on the NSE. A combined 2.64 million shares have changed hands on the counter till 1222 hours.