Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities told CNBC-TV18, "So much of bad news in Housing Development and Infrastructure (HDIL) and on top of that promoter share pledge related news, corporate governance, etc. Moreover the entire industry anyway is not in favour of the investor community. It is a clear exit."
The share touched its 52-week high Rs 123.95 and 52-week low Rs 31.75 on 16 January, 2013 and 25 June, 2013, respectively. Currently, it is trading 68.01 percent below its 52-week high and 24.88 percent above its 52-week low. Market capitalisation stands at Rs 1,661.35 crore.
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