HDIL Share Price Meets 52 Week High on July ‘16
Posted: Jul 16, 2016
ncorporated in the year 1996, HDIL today is the master player of Real estate business. Headquarter in Mumbai, the company has expanded 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 along with it an additional 1,900,000 square feet of rehabilitation housing area under a Government scheme which is administered by the Slum Rehabilitation Authority (SRA).
HDIL has rehabilitated around 30,000 families in the last decade. As the market opened on Thursday, 30 June 2016, HDIL share price showed a considerable decrease of 0.14%. During October 2007, Construction World-NICMAR declared HDIL as one of the India’s fastest growing real estate company. HDIL’s residential project varies from apartment complexes to towers and townships, and their commercial projects include premium office spaces and multiplex cinemas. HDIL, in retail, aims on building world class shopping malls.
The company's symbol which shows Honeycomb and cube shows the macro and micro aspects of the company’s business. The symbol reveals that though the company is involved in various segments, each segment is given due attention. The company’s turnover from sales of projects, developed land and land development rights for 31 March 2008, 2007, 2006 financial years amounted to Rs. 2380 crore, Rs. 1204 crore, Rs. 434 crore, respectively, and the restated profit after tax for financial years ended 31 March 2008, 2007 and 2006 were Rs. 1409 crore, Rs. 743 crore and Rs. 1,172 crore respectively. During July 2007, HDIL launched an IPO and is presently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The conduct of HDIL stock and the subsequent increase in HDIL share price can be acknowledged to the superb management group of the company which includes:
Mr. Rakesh Kumar Wadhawan: The Executive Chairman of HDIL, Mr. Wadhawan who is also the founder and one amongst the few promoters of the HDIL Group. Backed by 30 years of experience in the field of Real Estate and Infrastructure Industry., Mr. Wadhawan has actively participated in various international housing-related seminars and is the member of many industry organisations.
Mr. Sarang Wadhawan: The Vice Chairman & Managing Director is one of the company’s promoters. He has a noticeable experience in the real estate and housing finance industry. He received the MBA degree from Clarks University, Worcester, U.S.A and a B.Comm degree from the Mumbai University.
Mr. Ashok Kumar Gupta: The company’s director is well known for his experience in corporate law and finance, whose period is more than 25 years. Presently, he serves 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 various Independent directors on the board with vast experiences and expertise in different fields.
HDIL Share Price Performance
The 52 high week of HDIL share stands at Rs. 108.70 (12-JUL-16) and the 52 week low reads at 54.35 (04-SEP-15). The closest resistance level and support level reads at Rs. 110.60 and Rs. 101.35 respectively.
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