Housing Development & Infrastructure rose 3.41% to Rs 59.20 at 15:11 IST on BSE after the company said it has proceeded for settlement of its balance outstanding dues and has made part payment of its balance dues.
The announcement was made during market hours today, 16 November 2017.Meanwhile, the S&P BSE Sensex was up 325.49 points, or 0.99% to 33,085.93. The S&P BSE Small-Cap index was up 185.92 points, or 1.08% to 17,459.32.
On the BSE, 29.57 lakh shares were traded in the counter so far, compared with average daily volumes of 19.06 lakh shares in the past one quarter. The stock had hit a high of Rs 60.25 and a low of Rs 56.50 so far during the day. The stock hit a 52-week high of Rs 101.85 on 16 May 2017. The stock hit a 52-week low of Rs 45.10 on 9 August 2017.
The small-cap company has equity capital of Rs 434 crore. Face value per share is Rs 10.
HDIL said that the company has proceeded for settlement of its balance outstanding dues and has made part payment of its balance dues. The application stands withdrawn from National Company Law Tribunal (NCLT) by Andhra Bank.
On a consolidated basis, HDIL's net profit rose 64.32% to Rs 60.88 crore on 26.09% decline in net sales to Rs 161.52 crore in Q2 September 2017 over Q2 September 2016.
HDIL is a real estate development company, with significant operations in the Mumbai Metropolitan Region.
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