SP Tulsian positive on HDIL
Published on Friday, November 13th, 2009 at 11:01 PMAuthor: stockalert (2026 Articles)
Investment Advisor SP Tulsian is positive on Housing Development and Infrastructure (HDIL).
“I am positive on HDIL for the simple reason that they have a strong presence in Mumbai and the rise in the property prices, we have seen in case of Mumbai and national capital region (NCR). This is because there has been a good chunk of holding by the company in the form of land as well as TDR. So that should give them a good valuation. One can look to buy on correction. We have been seen that share has been stagnant in the past, whenever the market corrects since they are high beta stocks we see a steep fall in the share price. So for further accumulation one can keep a price level of Rs 340-345 in his mind. But whenever it comes, generally at those times you get disturbed and the sentiment gets spoilt and no people dare to buy at those levels. On the upper side, the share can go to Rs 400-410 in the next month or so. So that could be a trading range or a range for this stock for the next 15-20 days. But if one can keep a view for next 6-12 months, I am quite positive on the stock.”
Source : MoneyControl
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