HDIL Share Price Rises 3.82% Intraday Thursday

As the market opened on Thursday, 30 June 2016, HDIL share price showed a considerable increase of 3.82%. With this growth, it has come a little short of its 52 weeks high which is registered at Rs. 108.30 just a few days ago on 22nd June 2016. On 4th September 2015 HDIL share price was at its 52 week low of Rs. 54.35. Researchers and analysts declared that HDIL is giving better risk reward in compared to other peer stocks. They have also mentioned that even if the stock is to come down a bit to Rs 98.90 to about Rs 98.50, a stop loss can be put below Rs. 97 and can be bought for a target of Rs. 104.

Genesis:

HDIL was incorporated in the year 1996, and as on today is the giant of Real estate business. With its headquarters in Mumbai, the company has developed 23 projects covering approximately 19,290,000 square feet of saleable area. This data also includes approximately 12,730,000 square feet of land sold to other builders after Land Development, primarily in Mumbai. HDIL also have constructed an additional 1,900,000 square feet of rehabilitation housing area under a Government scheme administered by the Slum Rehabilitation Authority (SRA). HDIL has rehabilitated nearly 30,000 families in the last decade.

In October 2007, Construction World-NICMAR declared HDIL to be one of the India’s fastest growing real estate company. The company's residential projects range from apartment complexes to towers and townships, and their commercial projects comprise premium office spaces and multiplex cinemas as well. HDIL, in retail, focuses on building world class shopping malls.

The company's symbol of Honeycomb and cube represents the macro and micro aspects of HDIL’s business. The symbol indicates that, even when the company is involved in multiple segments, each segment is being given the attention it deserves.

HDIL Leaders:

The performance of HDIL stock and the rise in HDIL share price can be credited to the magnificent management group of the company that includes:

Mr. Rakesh Kumar Wadhawan: Mr. Wadhawan is the Executive Chairman, the founder and one of the promoters of the HDIL Group. He has the experience of over 30 years in the field of Real Estate and Infrastructure Industry. He has actively participated in international housing-related seminars and is a member of many industry organizations.

Mr. Sarang Wadhawan: He is the Vice Chairman & Managing Director and one of the company’s promoters. He has a has considerable experience in the real estate and housing finance industry, holds the degree MBA from Clarks University, Worcester, U.S.A and a B.Comm degree from Mumbai University.

Mr. Ashok Kumar Gupta: The director of the company is renowned for his experience in corporate law and finance, which spans more than 25 years. As of now, he is serving on the board of various companies as a qualified Chartered Accountant and also holds an LL.B degree from Government Law College, Mumbai.

Apart from them, there are several Independent directors on the board with vast experiences and expertise in different fields.

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