Housing Development & Infrastructure rose 3.39% to Rs 91.50 at 12:02 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was up 265.76 points or 1.06% at 25,297.08.
On BSE, so far 11.56 lakh shares were traded in the counter as against average daily volume of 36.62 lakh shares in the past one quarter.
The stock hit a high of Rs 91.85 and a low of Rs 89 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 underperformed the market over the past one month till 23 June 2014, sliding 12.85% compared with Sensex's 1.37% rise. The scrip had, however, outperformed the market in past one quarter, surging 81.54% as against Sensex's 15.06% rise.
The mid-cap company has equity capital of Rs 419 crore. Face value per share is Rs 10.
Shares of Housing Development & Infrastructure (HDIL) had declined 6.25% in four trading sessions to settle at Rs 88.50 on Monday, 23 June 2014, from a recent high of Rs 94.40 on 17 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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