Limited downside in HCC: Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that there is a limited downside in Hindustan Construction, HCC.

Baliga told CNBC-TV18, "HCC is more or less in line with what people were expecting because one really does not expect the infrastructure and the construction companies to do well in the given scenario. But looking at the assets they have especially the Lavasa project and the nuclear deal is extremely positive for HCC; I really do not see much of a downside for the stock. Possibly one could see levels of Rs 88-90 but I think at those levels one should be buying because the NAV of this company even as of date is closer to around Rs 160-170."