Meanwhile, the BSE Sensex was up 287.53 points, or 1.65% to 17,733.28
On BSE, 22.42 lakh shares were traded in the counter as against average daily volume of 30.70 lakh shares over the past one quarter.
The stock hit a high of Rs 107.40 and a low of Rs 100.50 so far during the day. The stock had hit a 52-week low of Rs 52.10 on 2 January 2012. The stock had hit a 52-week high of Rs 198.90 on 7 April 2011.
The HDIL stock was on a downward journey, declining 24.2% in four trading sessions to Rs 99.10 on 27 February 2012 from a recent high of Rs 130.75 on 21 February 2012.
The mid-cap stock outperformed the market over the past one month till 27 February 2012, soaring 24.34% compared with the Sensex's 1.23% gain. The scrip had also outperformed the market in past one quarter, surging 52.11% as against Sensex's 11.15% gain.
The company has an equity capital of Rs 419 crore. Face value per share is Rs 10.
On a consolidated basis, HDIL's net profit fell 31.7% to Rs 155.80 crore on 8.8% growth in net sales to Rs 422.57 crore in Q3 December 2011 over Q3 December 2010.
HDIL's operations include residential, commercial, and retail real estate development.
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India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.