Housing Development and Infrastructure rose 1.27% to Rs 88.05 at 14:20 IST on BSE after consolidated net profit rose 35.53% to Rs 57.87 crore on 31.33% decline in total income to Rs 304.84 crore in Q2 September 2014 over Q2 September 2013.
The result was announced during trading hours today, 14 November 2014.
Meanwhile, the BSE Sensex was up 47.81 points, or 0.17%, to 27,988.45.
On BSE, so far 14.66 lakh shares were traded in the counter, compared with an average volume of 24.64 lakh shares in the past one quarter.
The stock hit a high of Rs 89.80 and a low of Rs 86.50 so far during the day. The stock hit a 52-week high of Rs 113.85 on 9 June 2014. The stock hit a 52-week low of Rs 38.70 on 4 February 2014.
The stock had outperformed the market over the past one month till 13 November 2014, rising 9.79% compared with 5.90% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 4.61% as against Sensex's 7.80% rise.
The mid-cap company has an equity capital of Rs 419 crore. Face value per share is Rs 10.
In Q2 September 2014, Housing Development and Infrastructure (HDIL) disposed off its investments in wholly-owned subsidiary company, HDIL Entertainment, and accordingly Rs 33.01 crore and depreciation of Rs 4.26 crore was accounted in the books.
HDIL is engaged in real estate development business.
Powered by Capital Market - Live News
