Housing Development & Infrastructure fell 3.09% to Rs 97.35 at 15:09 IST on BSE after a foreign fund sold shares of the realty firm in a bulk deal on Wednesday, 11 June 2014.
Meanwhile, the BSE Sensex was up 91.48 points, or 0.36%, 25,565.37
On BSE, so far 31.55 lakh shares were traded in the counter, compared with an average volume of 33.61 lakh shares in the past one quarter.
The stock hit a high of Rs 100.35 and a low of Rs 96 so far during the day. The stock hit a 52-week high of Rs 113.85 on 9 June 2014. The stock hit a record low of Rs 26.10 on 6 August 2013.
The stock had outperformed the market over the past one month till 11 June 2014, gaining 28.62% compared with the Sensex's 10.78% rise. The scrip also outperformed the market in past one quarter, jumping 100.30% as against Sensex's 16.71% rise.
The mid-cap company has an equity capital of Rs 419 crore. Face value per share is Rs 10.
Foreign fund Nomura Singapore sold 20.98 lakh shares of Housing Development & Infrastructure (HDIL) at an average price of Rs 105.95 per share in a bulk deal on NSE on Wednesday, 11 June 2014.
Meanwhile in a separate bulk deal, Shaastra Securities Trading bought 21.19 lakh shares of HDIL at an average price of Rs 104.50 per share and sold 21.19 lakh shares at an average price of Rs 104.57 per share on NSE on Wednesday, 11 June 2014.
On a consolidated basis, HDIL reported net profit of Rs 113.52 crore in Q4 March 2014 as compared to net loss of Rs 279.95 crore in Q4 March 2013. Net sales rose 47% to Rs 205.30 crore in Q4 March 2014 over Q4 March 2013.
HDIL is engaged in real estate development business.
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