( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 27th April 2009
Housing Development & Infrastructure Ltd (HDIL) : Rs 153.50Notables :
- Housing Development & Infrastructure Limited (HDIL) a part of the Wadhawan Group was incorporated in 25th July of the year 1996.
- HDIL's business focuses on real estate development, including construction and development of residential projects, commercial, retail and slum rehabilitation projects.
- The Company is committed to creating microstructures, megastructures and infrastructure for the nation. Also the company diversified into Energy, Hospitality and SEZs sector.
- HDIL has been satisfying the diverse needs of scores of home seekers in Mumbai Metropolitan region and also and has expanded its operations to Hyderabad, Kochi and Pune.
- The Company has been rated as one of the fastest growing Real Estate Company in India by Construction world-NICMAR in October of the year 2007.
Share Holding patern :
- Promoters : 61.49 %
- Public : 38.49 %
Financial Highlights:
- Net Profit / (Loss) of Rs. 184.88 Crore for the quarter ending on 31-DEC-2008 against Rs. 270.23 Crore for the quarter ending on 31-DEC-2007.
- Net Sales of Rs. 313.79 Crore for quarter ending on 31-DEC-2008 against Rs. 496.62 Crore for the quarter ending on 31-DEC-2007
Technical Overview :
- The stock On Day Chart has given an "Flag Breakout" with huge volumes,indicating the stock to outperform in short term.The stock is recommended to above the previous top of 155.90 with short term view.
Support Levels :
- Support 1 : 138
- Support 2 : 125
- Support 3 : 117
Stoploss : 105 on closing basis.
Targets :
- Target 1 : 179
- Target 2 : 198
- Target 3 : 219
- Target 4 : 279
Period : 3 to 4 months.