HDIL jumps on new project
HDIL jumps on new project
By Ruma Dubey
about 10 years ago
It is after quite some time that we are hearing the launch of any new project from a realty company. Thus the market is enthused with HDIL.
The company had announced yesterday after market hours that it has launched a new project 'The Nest' at Mulund, Mumbai, under the affordable housing brand ' Budget Homes.’ This will have 263 units open for Sale in phase 1 of the project.
The company surely needs to buckle up with its projects as financially it has been having a roller coaster ride. It had ended Q3Fy17 with a 84% (YoY) drop in consolidated net profit at Rs.16 crore and net sales too had declined 65% to Rs.109 crore.
The stock price is up currently 5.5% at Rs.95 levels and intra day, it had gone up to Rs.96.35.