Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Rakesh Wadhawan, founder of Housing Development Infrastructure Limited (HDIL), was arrested by the Enforcement Directorate in 2019 in the case.

PMC Bank Fraud Case: SC Refuses to Entertain Bail Plea of Rakesh Wadhawan, Asks Him to Approach HC

The fraud at PMC Bank came to light in September 2019 after the Reserve Bank of India discovered that the bank had allegedly created fictitious accounts to hide over Rs 4,355 crore of loans extended to almost-bankrupt Housing Development and Infrastructure Limited (HDIL).

FPJ Legal l PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan, asks him to approach HC

According to the police, on Thursday evening the Mumbai police control room received a call from the locals informing them about the decomposed body of a woman found on the terrace. The dead body was found on the terrace of an 13 storey vacant building i.e C-wing, building number 16, HDIL colony in …

Mumbai: 20-year-old woman raped and murdered, decomposed body found in vacant building in Kurla

A special court, in its detailed order denying bail to Housing Development Infrastructure Limited (HDIL) promoter Sarang Wadhawan recently, has said that granting bail to him in an economic offence of this nature would be against the larger interest of the public.

FPJ Legal: Court denies bail to Sarang Wadhawan, says granting bail would be against larger public interest

Wadhawan had filed bail application seeking his release on health grounds considering his advanced age and ailments.

FPJ Legal: Bombay HC HC rejects HDIL promoter Rakesh Wadhawan’s medical bail plea

The HDIL founder recently underwent a surgery for pacemaker implantation

PMC Bank fraud case: Bombay High Court rejects Rakesh Wadhawan’s medical bail plea

The Bombay High Court was informed by the prison authorities that the staterun JJ Hospital has the facility of dual chamber pacemaker implantation to treat Housing Development Infrastructure Limited (HDIL) promoter Rakesh Wadhawan.

FPJ Legal | JJ Hospital has facility for Rakesh Wadhawan’s treatment: Prison authorities to Bombay High Court

In a relief for Rakesh Wadhwan, promoter of Housing Development Infrastructure Limited (HDIL), who has been arrested for his alleged role in the multi-crore money laundering scam involving Punjab and Maharashtra Co-operative (PMC) Bank, the Bombay High Court has asked the prison authorities to infor…

FPJ Legal | HDIL promoter bail plea: Bombay HC asks if any govt hospital has pacemaker implantation facility for Rakesh Wadhwan

HDIL Group’s promoters were considered to be lead conspirators of PMC Bank scam

ED seizes HDIL shares worth ₹233 crore

Investigation under PMLA revealed that in spite of default in payment, the ED said, HDIL group companies availed loans from PMC from time to time

PMC bank scam: ED attaches ₹233 crore shares of HDIL group

The Enforcement Directorate (ED) has attached partly paid compulsorily convertible preference shares of Housing Development and Infrastructure Limited (HDIL) group companies worth ₹233 crore in connec

ED attaches assets worth ₹233 crore in PMC Bank case

Housing Development and Infrastructure Limited (HDIL) is a real estate development company engaged in development and construction of residential and commercial properties, infrastructure facilities and other related activities.

Housing Development and Infrastructure Ltd

Housing Development and Infrastructure Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

PMC Bank Fraud Case: SC Refuses to Entertain Bail Plea of Rakesh Wadhawan, Asks Him to Approach HC

FPJ Legal l PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan, asks him to approach HC

Mumbai: 20-year-old woman raped and murdered, decomposed body found in vacant building in Kurla

FPJ Legal: Court denies bail to Sarang Wadhawan, says granting bail would be against larger public interest

FPJ Legal: Bombay HC HC rejects HDIL promoter Rakesh Wadhawan’s medical bail plea

PMC Bank fraud case: Bombay High Court rejects Rakesh Wadhawan’s medical bail plea

FPJ Legal | JJ Hospital has facility for Rakesh Wadhawan’s treatment: Prison authorities to Bombay High Court

FPJ Legal | HDIL promoter bail plea: Bombay HC asks if any govt hospital has pacemaker implantation facility for Rakesh Wadhwan

ED seizes HDIL shares worth ₹233 crore

PMC bank scam: ED attaches ₹233 crore shares of HDIL group

Housing Development and Infrastructure Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

PMC Bank Fraud Case: SC Refuses to Entertain Bail Plea of Rakesh Wadhawan, Asks Him to Approach HC

FPJ Legal l PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan, asks him to approach HC

Mumbai: 20-year-old woman raped and murdered, decomposed body found in vacant building in Kurla

FPJ Legal: Court denies bail to Sarang Wadhawan, says granting bail would be against larger public interest

FPJ Legal: Bombay HC HC rejects HDIL promoter Rakesh Wadhawan’s medical bail plea

PMC Bank fraud case: Bombay High Court rejects Rakesh Wadhawan’s medical bail plea

FPJ Legal | JJ Hospital has facility for Rakesh Wadhawan’s treatment: Prison authorities to Bombay High Court

FPJ Legal | HDIL promoter bail plea: Bombay HC asks if any govt hospital has pacemaker implantation facility for Rakesh Wadhwan

ED seizes HDIL shares worth ₹233 crore

PMC bank scam: ED attaches ₹233 crore shares of HDIL group

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock