Seeing improved sentiments; no serious charges in FIR: HDIL

Written By Unknown on Senin, 08 Desember 2014 | 12.44

Sarang Wadhawan, vice-chairman and managing director of HDIL says the overall sentiment among investors has improved. He adds that volumes of residential projects is seeing improvement.

The Anti-Corruption Bureau has filed an FIR against real estate major  HDIL in connection with Slum Rehabilitation Authority (SRA) project in Mumbai over alleged irregularities.

However, Sarang Wadhawan, vice-chairman and managing director of HDIL says the charges are not serious in nature and there is malafide intent behind it. "We have all the documentation to prove our innocence," he told CNBC-TV18.

Moving on to the mood in the real estate sector, he says that the overall sentiment among investors has improved. Wadhawan says volumes of residential projects is seeing improvement.

The company's current debt on a consolidated basis stands at Rs 3,400 crore.

Stay tuned for more…

HDIL stock price

On December 08, 2014, at 11:10 hrs Housing Development and Infrastructure was quoting at Rs 80.75, up Rs 0.55, or 0.69 percent. The 52-week high of the share was Rs 113.85 and the 52-week low was Rs 38.70.


The company's trailing 12-month (TTM) EPS was at Rs 7.02 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 11.5. The latest book value of the company is Rs 248.81 per share. At current value, the price-to-book value of the company is 0.32.


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