There are many such stocks in the Indian stock market whose price is modest but the performance is tremendous. The same is happening with the real estate company Housing Development Infrastructure Limited (HDIL) for the past few days. The trend in the stock of HDIL has been such that it is now at a 52-week high. This means that the stock had not performed so well in 52 weeks.
Talking about the last trading day, the share price of HDIL has gone up by 4.87 percent to Rs 7.32 on the BSE index. It is also important that on March 2, the company’s share price was at Rs 4.01, which is a 52-week low. That is to say, within 15 days, the company has seen both high and low levels. Now the question is what is the reason for this.
Read this-Farmers can also register on eSHRAM portal, know the answers to 3 questions
Actually, the bankruptcy process of HDIL is going on. Gautam Adani’s Adani Group is in the race to buy this company. Apart from this, other applicants include Sharda Construction & Corporation Limited, B-Right Real Estate Limited, Dev Land & Housing Limited, Urban Affordable Housing and Toscano Infrastructure Private Limited.
Meeting on 21st March: Let us tell you that on March 21, the 24th meeting of the lenders of HDIL is going to be held. Earlier on March 9-10, financial creditors of HDIL had discussed the subject of taking over the troubled realty firm through insolvency proceedings.