Housing Development & Infrastructure jumped 7.93% to Rs 66 at 14:11 IST on BSE, with the stock reversing its recent decline on bargain hunting.
Meanwhile, the S&P BSE Sensex was up 374.63 points or 1.4% at 27,084.76
On BSE, so far 16.73 lakh shares were traded in the counter as against average daily volume of 21.09 lakh shares in the past one quarter.
The stock hit a high of Rs 66.30 and a low of Rs 62.40 so far during the day. The stock had hit a 52-week high of Rs 113.85 on 9 June 2014. The stock had hit a 52-week low of Rs 38.70 on 4 February 2014.
The stock had underperformed the market over the past one month till 17 December 2014, falling 31.14% compared with the Sensex's 5.21% fall. The scrip had also underperformed the market in past one quarter, sliding 28.48% as against Sensex's 0.3% rise.
The small-cap company has equity capital of Rs 419 crore. Face value per share is Rs 10.
Shares of Housing Development & Infrastructure (HDIL) had dropped 23.75% in eight trading days to Rs 61.15 on 17 February 2014 from a recent high of Rs 80.20 on 5 December 2014.
On a consolidated basis, HDIL's net profit jumped 35.5% to Rs 57.87 crore on 38.6% fall in net sales to Rs 259.55 crore in Q2 September 2014 over Q2 September 2013.
HDIL is engaged in real estate development business.
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