Introduction of HDIL Share Price: One of the top Indian real estate development firms, Housing Development and Infrastructure Ltd (HDIL), is actively pursuing the development of real estate and urban renewal projects in the Mumbai Metropolitan area.
The business of real estate development, the building of residential and commercial properties, infrastructure facilities, and all other connected operations are what the company does.
They are also working on slum restoration projects in the Greater Mumbai area. Additionally, they have expanded into energy hospitality and SEZ development.
Residential Park Vihar, Paradise City-Phase I Palghar, and Paradise City Palghar are a few of the company’s residential developments.
Their retail initiatives include Paradise City Palghar and Harmony Oshiwara. The Kulraj Broadway trademark is used to handle their multiplex company.
The company’s operations are concentrated on four multiplexes: a four-screen multiplex in Kandivali, a six-screen multiplex in Bhandup, and a four-screen multiplex in Kolkata.
History of HDIL share price
The Housing Development and Infrastructure Ltd is a subsidiary of the Wadhawan Group, which was created in 1973 by the late Mr. Dewan Kuldip Singh Wadhawan. The Wadhawan Group was established to acquire land, manage land, develop land, and build residential, commercial, and retail units, townships, and infrastructure.
The Wadhawan Group was first concerned with the marketing of residential, commercial, and industrial sites. The Wadhawan Group erected the first residential building in Vasai, “Kapil Kunj,” in 1973.
All of the Wadhawan Group’s ventures were branded as “Dheeraj” in 1978. As of December 31, 2006, the Wadhawan Group had developed approximately 72.8 million square feet of saleable area (including our developments) and had constructed roughly 5.5 million square feet.
As per Q4, HDIL had a net profit of 48%. The company has seen more profit compared to last year. HDIL’s asset quality has enhanced and is expected to do even better shortly.
The price history of HDIL in September 2022
The share price of HDIL has always been on the rise. HDIL’s share price was Rs 5.70 as of 26 Sep 2022. HDIL’s share price was down by 5.00% based on the previous share price of Rs 6.15. As of now, the HDIL share price is on the good mark and a good investment option.
Is this a good investment for a long period?
Stock investing necessitates a thorough examination of financial data to determine a company’s genuine net worth. It is a good time to consider, as stock is not in the overbought zone of HDIL.