HDIL is amongst the top gainer today morning, up 5% at Rs.74 with an intra day high at Rs.74.30.

The stock is reacting to the news that it has sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore.

The company has a land reserve of 243.99 million square feet as on March 31 and has around 40,00,000 square feet of Transfer and Development Rights (TDR).