Housing Development and Infrastructure lost 0.77% to Rs 32.40 at 14:12 IST on BSE after consolidated net profit fell 84.57% to Rs 16.25 crore on 23.62% decline in total income to Rs 160.84 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced during trading hours today, 14 August 2013.
Meanwhile, the S&P BSE Sensex was up 90.32 points or 0.47% at 19,320.16.
On BSE, 29.33 lakh shares were traded in the counter as against average daily volume of 40.41 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 3.52% at the day's low of Rs 31.50 so far during the day. The stock rose as much as 2.6% at the day's high of Rs 33.50 so far during the day. The stock had hit a 52-week high of Rs 123.95 on 16 January 2013. The stock had hit a record low of Rs 26.10 on 6 August 2013.
The stock had underperformed the market over the past one month till 13 August 2013, sliding 16.5% compared with the Sensex's 3.65% fall. The scrip had also underperformed the market in past one quarter, declining 39.65% as against Sensex's 2.35% fall.
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The small-cap company has equity capital of Rs 419 crore. Face value per share is Rs 10.
Housing Development and Infrastructure (HDIL) had issued 25,675 12% Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 2567.70 crore, out of which as on date NCDs aggregating to Rs 1311.22 crore have been redeemed including NCDs of Rs 373.99 crore redeemed during the period from 1 April 2013 to 14 August 2013.
HDIL is engaged in real estate development business.
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