RBI maintains status quo; Nifty realty index pares early gains
As the RBI on Wednesday maintained a neutral stance, keeping the repo rate unchanged at 6.25%, the rate sensitive NSE Nifty Realty index pared its morning gains and was trading down by 0.06% at 252.3 at around 2.40 PM.
SLR is slashed by 50 bps to 20% which will be effective from June 24, 2017, whereas the reverse repo rate is at 6% and CRR at 4%.
Disappointed by the neutral stance of the RBI realty players sulked on the bourses.
HDIL was down by 0.1%, Prestige was down by 0.2%, Oberoi realty was down by 0.4%, Phoenix was down by 0.5%, DLF was down by 0.6%, Unitech was down by 0.9% and Delta Corp was down by 1.8%.
Stock view :-
Housing Development & Infrastructure Ltd is currently trading at Rs 92.75, down by Rs 0.45 or 0.48% from its previous closing of Rs 93.2 on the BSE.
The scrip opened at Rs 93.4 and has touched a high and low of Rs 94.55 and Rs 92.2 respectively. So far 17348660(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4044.92 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 108.75 on 12-Jul-2016 and a 52 week low of Rs 52.25 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 96.15 and Rs 87 respectively.
The promoters holding in the company stood at 36.49 % while Institutions and Non-Institutions held 46.29 % and 17.23 % respectively.
The stock is currently trading above its 50 DMA.
Housing Development & Infrastructure Ltd :-
BSE 93.05 [0.15] ([0.16]%)
NSE 93.05 [0.20] ([0.21]%)
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