The stock touched touched a high of Rs 310 and finally ended with a loss of 3.5% at Rs 302. Around 4.92 million shares changed hands on the BSE today.
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(Updated at 1004 hrs)
HDIL has tumbled over 7% in early trades following the Rs 100 crore tax slap by the IT department.
The stock plunged to a low of Rs 290, and is now trading 5.5% lower at Rs 296. The stock had touched a 52-week high of Rs 330 on September 10, 2009. The counter has today clocked volume of around 382,500 shares so far on the BSE.
According to reports, the Income tax department has slapped a Rs 100 crore tax notice after two days of raid on the offices of Mumbai-based property developer HDIL and residences of some of its directors.
