Housing Development and Infrastructure rose 2.62% to Rs 442.95 at 12:34 IST on BSE after it reported 56.86% rise in net profit to Rs 317.93 crore on 31.89% rise in total income to Rs 588.03 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock had a 52-week high of Rs 1,432 on 10 January 2008 and a 52-week low of Rs 326.50 on 2 July 2008.
The company has an equity capital of Rs 214.27 crore. Face value per share is Rs 10. The current price of Rs 442.95 discounts its Q4 March 2008 annualised EPS of Rs 132.22, by a PE multiple of 3.35.
Earlier, the company's board had approved bonus issue in the ratio of two shares for every seven shares held.
A Wadhawan group realty firm, Housing Development and Infrastructure (HDIL) has significant operations in the Mumbai metropolitan region.
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