The announcement was made on Saturday, 22 June 2019.

Meanwhile, the S&P BSE Sensex was down by 61.57 points, or 0.16% to 39,132.92.

On the BSE, 6.55 lakh shares were traded in the counter so far compared with average daily volumes of 2.99 lakh shares in the past two weeks. The stock had hit a high of Rs 18.25 and a low of Rs 15.75 so far during the day. It hit a 52-week high of Rs 35.65 on 3 September 2018 and a 52-week low of Rs 13.05 on 20 June 2019.

Housing Development and Infrastructure (HDIL) announced allotment of 2 crore equity shares to one of its promoter, Sarang Wadhawan, upon conversion of share warrants. Post transaction, Sarang Wadhawan's stake in HDIL increased from 8.63% to 12.48%.

On a consolidated basis, HDIL's net profit fell 10.3% to Rs 7.48 crore on a 28.2% fall in the net sales to Rs 29.68 crore in Q4 March 2019 over Q4 March 2018.

HDIL is one of India's premier real estate development companies, with significant operations in the Mumbai Metropolitan Region.

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Net profit of Housing Development & Infrastructure declined 10.31% to Rs 7.48 crore in the quarter ended March 2019 as against Rs 8.34 crore during the previous quarter ended March 2018. Sales declined 28.15% to Rs 29.68 crore in the quarter ended March 2019 as against Rs 41.31 crore during the previous quarter ended March 2018.

For the full year,net profit rose 11.04% to Rs 106.29 crore in the year ended March 2019 as against Rs 95.72 crore during the previous year ended March 2018. Sales rose 85.26% to Rs 718.34 crore in the year ended March 2019 as against Rs 387.75 crore during the previous year ended March 2018.

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Housing Development & Infrastructure will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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Housing Development & Infrastructure Ltd gained 1.77% today to trade at Rs 22.95. The S&P BSE Realty Index index is up 0.66% to quote at 1804.85. The index is down 1.33 % over last one month. Among the other constituents of the index, Oberoi Realty Ltd increased 1.48% and Indiabulls Real Estate Ltd added 0.67% on the day. The S&P BSE Realty Index index went down 25.41 % over last one year compared to the 6.06% surge in benchmark SENSEX.

Housing Development & Infrastructure Ltd has lost 14.53% over last one month compared to 1.33% fall in S&P BSE Realty Index index and 0.67% drop in the SENSEX. On the BSE, 44062 shares were traded in the counter so far compared with average daily volumes of 4.15 lakh shares in the past one month. The stock hit a record high of Rs 52.5 on 21 Feb 2018. The stock hit a 52-week low of Rs 17.55 on 20 Jul 2018.

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