HDIL Rallies Over 8% on Strong Third Quarter Earnings

Share of real estate company HDIL rallied as much as 8.2 per cent to hit 52-week high of Rs 119 after the company said that its net profit for the Quarter ended December 31, 2014 jumped many fold to Rs 67.29 crore.

 

HDIL reported net profit of Rs 67.29 crore as against Rs 5.1 crore in the same quarter previous year. Total income of the company jumped nearly four times to Rs 359.48 crore compared to Rs 89.6 crore.

 

HDIL ended higher by 7 per cent at Rs 118.