Housing Development & Infrastructure gained 1.52% to Rs 76.75 at 12:07 IST on BSE after a foreign fund hiked its stake in the realty firm through a bulk deal on Thursday, 10 April 2014.
Meanwhile, the BSE Sensex was down 170.42 points, or 0.75%, 22,544.91
On BSE, so far 34.07 lakh shares were traded in the counter, compared with an average volume of 18.83 lakh shares in the past one quarter.
The stock hit a 52-week high of Rs 79.75 in intraday trade today, 11 April 2014. The stock hit a low of Rs 74.45 so far during the day. 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 10 April 2014, gaining 52.47% compared with the Sensex's 3.56% rise. The scrip also outperformed the market in past one quarter, jumping 52.01% as against Sensex's 9.43% gain.
The small-cap company has an equity capital of Rs 419 crore. Face value per share is Rs 10.
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Foreign fund Credit Suisse (Singapore) under Credit Suisse (Singapore) bought 21.42 lakh shares of Housing Development & Infrastructure (HDIL) at Rs 73.81 per share in a bulk deal on NSE on Thursday, 10 April 2014.
Prior to the latest acquisition, Credit Suisse (Singapore) owned 1.01% stake in HDIL (as per the shareholding pattern as on 31 December 2013).
On a consolidated basis, HDIL's net profit fell 95.25% to Rs 5.10 crore on 79.2% fall in net sales to Rs 89.63 crore in Q3 December 2013 over Q3 December 2012.
HDIL is engaged in real estate development business.
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