Mumbai: Housing development and Infrastructure (HDIL) is trading higher by 2% at Rs 77.20 in an otherwise weak market after Credit Suisse (Singapore) purchased over 2 million stocks of the Mumbai-based real estate for Rs 16 cr during a start market transaction.
On Apr 10, 2014, Credit Suisse (Singapore) obtained 2.14 million stocks at Rs 73.81 per share, the NSE bulk deal information shows.
The stock opened out at Rs 75.20 and touched a high of Rs 77.90 on the NSE. Till 1000 time, a combined 7.45 million stocks changed hands on the NSE & BSE.
Meanwhile, since March 26, the inventory has rallied 55 per cent from Rs 49.70 after foreign & local brokerage firms obtained nearly 7 million stocks via start market.
On March 27, Kotak Securities bought 2.13 million stocks of the real estate firm, constituting up 0.5% share at Rs 51.56 per share.
On Apr 4, Nomura Singapore Limited bought 4.41 million equity stocks, representing 1.05 per cent stake in the company, at Rs 67.45 per share via a block deal, the NSE data shows.
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