/ HDIL To Disinvest 100% Stake In Excel Arcade Stock Soars Over 2% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 6 March 2017

Housing Development & Infrastructure (HDIL) in Monday’s trading session is soaring on the bourses, and is outperforming the broader markets. The stock is up by 2.2% on an intraday basis, owing to the news that the Company has decided to disinvest 100% shareholding pertaining to its wholly owned subsidiary, Excel Arcade Private Limited. 

HDIL was holding 19,54,000 shares and had invested Rs 10,81,50,100 in Excel Arcade. The investments were mainly for a project at Vikroli.

HDIL in a period of one year has given negative returns of 1.3%, underperforming the BSE Small-cap and the BSE Realty indices over the same time span. Housing Development & Infrastructure Ltd is currently trading at Rs 70.45, up by Rs 2.2 or 3.22% from its previous closing of Rs 68.25 on the BSE.

The scrip opened at Rs 68.85 and has touched a high and low of Rs 70.7 and Rs 68.5 respectively. So far 9213094(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2962.08 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 108.75 on 12-Jul-2016 and a 52 week low of Rs 52.25 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 71.1 and Rs 66.85 respectively. The promoters holding in the company stood at 36.49 % while Institutions and Non-Institutions held 44.26 % and 19.25 % respectively. The stock is currently trading above its 200 DMA.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717