The stock of Housing Development and Infrastructure Limited ie HDIL, which is going through the bankruptcy process, is running like a rocket. The share price of HDIL has more than doubled in just 15 trading days. This rise in share price came after Gautam Adani’s Adani Group has also shown interest in buying the company.
How much is the share price: The share price of HDIL is at Rs 8.88 on the BSE index. In the same month, on March 2, the share price was at Rs 4.01. This means to say that the share price has doubled. If we look at the pattern of the month of March till now, then the upper circuit is continuously engaged in this company. At the same time, the market capital of the company is Rs 420.9 crore.
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Let us tell you that many companies are involved in the race to buy HDIL. Among them is the name of Adani Properties, a subsidiary of Adani Enterprises. Adani Properties is considered a strong contender. Other applicants include Sharda Construction & Corporation Limited, B-Right Real Estate Limited, Urban Affordable Housing LLP, Toscano Infrastructure Private Limited and Dev Land & Housing Limited.
Adani Wilmar also accelerated: The shares of Adani Wilmar, a listed company of the Adani Group, have risen. The share price of Adani Wilmar has risen by 2 percent to the level of Rs 406. Let us tell you that this company of Adani Group will soon enter the market with rice brand. For this, Adani Wilmar is looking to acquire regional rice brands and processing units in several states.