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Housing Development & Infrastructure Ltd shares gained 2 per cent on Tuesday in early trade. The stock can target 115-120 range in February series given the momentum, say traders. The stock was up 64.1 per cent year-to-date against vs 5.7 per cent in the NSE index.
Out-of-money calls are most active and have the highest open interest, according to Thomson Reuters Data. HDIL reported a multifold jump in profit earlier this month. Foreign funds have been buying HDIL since RBI's surprise rate cut.
At 10.15 am, the stock was up 0.23 per cent or 0.25 per cent at Rs 110.20 on the BSE.
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