Buy Housing Development & Infrastructure Ltd. target Rs 94: Sarvendra Srivastava

Sarvendra Srivastava of Phisense.com has a buy call on Housing Development & Infrastructure Ltd. with a target price of Rs 94.0 .The current market price of Housing Development & Infrastructure Ltd. is Rs 90.15 Time period given by analyst is Intra Day when Housing Development & Infrastructure Ltd. price can reach defined target. Sarvendra Srivastava recommended to keep stop loss at Rs 84.9 .

Housing Development & Infrastructure Ltd., incorporated in the year 1996, is a midcap company (having a market cap of ₹ 3747.62 Cr.) operating in Construction sector.

Housing Development & Infrastructure Ltd. key Products/Revenue Segments include Residential/Commercial Flats which contributed ₹ 672.51 Cr to Sales Value (57.56 % of Total Sales), Income from Sale of Commercial Flats, Shops & Plots which contributed ₹ 672.51 Cr to Sales Value (57.56 % of Total Sales), Property/Land Development Rights which contributed ₹ 480.03 Cr to Sales Value (41.08 % of Total Sales), Other Operating Revenue which contributed ₹ 9.30 Cr to Sales Value (0.79 % of Total Sales) and Lease Rentals which contributed ₹ 6.45 Cr to Sales Value (0.55 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 109.32 Cr., down -49.13% from last quarter Sales of ₹ 214.88 Cr. and down -65.47% from last year same quarter Sales of ₹ 316.64 Cr. Company has reported net profit after tax of ₹ 16.22 Cr. in latest quarter. The company’s CEO is Mr.Sarang Wadhawan. It's Board of Directors include Mr.Darshan D Majmudar, Mr.Hazari Lal, Mr.Lalit Mohan Mehta, Mr.Raj Kumar Aggarwal, Mr.Rakesh Kumar Wadhawan, Mr.Sarang Wadhawan, Ms.Sandhya Baliga, Mr.Darshan D Majmudar. Company has its registered office at 9-01, HDIL Towers,, Anant Kanekar Marg,, Bandra (East), Mumbai, 400051, Maharashtra. Company has Thar & Co as its auditors. As on 31-03-2017, the company has a total of 434,003,986 shares outstanding.