Buy Housing Development and Infrastructure (HDIL), says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, “HDIL is still a buy. It has not given us enough signs to say that the uptrend is over. We had a bad day yesterday, but that happens when markets go choppy at the top, then momentum stocks get beaten down on any small downtick. That could be a one-off occurrence. So HDIL would be a buy.”
The share touched its 52-week high Rs 135.40 and 52-week low Rs 62.40 on 22 February, 2012 and 24 May, 2012, respectively. Currently, it is trading 19.24% below its 52-week high and 75.24% above its 52-week low. Market capitalisation stands at Rs 4,581.81 crore.