Sell HDIL, target Rs 24.5 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Housing Development & Infrastructure Ltd. with a target price of Rs 24.5 . The current market price of Housing Development & Infrastructure Ltd. is Rs 26.6. Time period given by the analyst is Intra Day when Housing Development & Infrastructure Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 27.5.

Housing Development & Infrastructure Ltd., incorporated in the year 1996, is a small cap construction company with a market cap of Rs 1154.45 crore. Housing Development & Infrastructure Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots which contributed Rs 411.14 Crore to Sales Value (57.84 % of Total Sales), Property/Land Development Rights which contributed Rs 286.18 Crore to Sales Value (40.26 % of Total Sales), Lease Rentals which contributed Rs 6.81 Crore to Sales Value (0.95 % of Total Sales) and Other Operating Revenue which contributed Rs 6.68 Crore to Sales Value (0.93 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 41.31 Crore, down -58.31 % from last quarter Sales of Rs 99.10 Crore and down -68.10 % from last year same quarter Sales of Rs 129.51 Crore Company has reported net profit after tax of Rs 8.33 Crore in latest quarter.


The company’s top management includes Mr.Hazari Lal, Mr.Lalit Mohan Mehta, Mr.Raj Kumar Aggarwal, Mr.Rakesh Kumar Wadhawan, Mr.Sarang Wadhawan, Ms.Sandhya Baliga. Company has Thar & Co as its auditoRs As on 31-03-2018, the company has a total of 434,003,986 shares outstanding.