HDIL trades jubilantly as Credit Suisse buys 21.42 lakh shares of the company

Housing Development & Infrastructure (HDIL) is currently trading at Rs. 79.10, up by 3.55 points or 4.70% from its previous closing of Rs. 75.55 on the BSE. The scrip opened at Rs. 74.55 and has touched a high and low of Rs. 79.75 and Rs. 74.45 respectively. So far 2344309 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.95 on 10-Apr-2014 and a 52 week low of Rs. 26.10 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 77.95 and Rs. 58.50 respectively. The current market cap of the company is Rs. 3215.86 crore. The promoters holding in the company stood at 36.17% while Institutions and Non-Institutions held 38.39% and 25.44% respectively. Credit Suisse (Singapore) has bought 21.42 lakh shares of Housing Development and Infrastructure (HDIL) through open market route. The shares were purchased on an average price of Rs 73.81 valuing the transaction to Rs 15.81 crore. HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).