Buy HDIL; target of Rs 333: IndiaInfoline

47745 Investors following HDIL. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy HDIL; target of Rs 333: IndiaInfoline

IndiaInfoline Research is bullish on HDIL and has recommended buy rating on the stock with a target of Rs 333, in its February 22, 2010 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

Watch CNBC-TV18 live only on MYTV >> ALSO READ See previous views by IndiaInfoline Research See what other Experts & Brokerages are saying about HDIL See messages about HDIL HDIL BSE | NSE 31/05/12 Are Mutual Funds betting on HDIL?

IndiaInfoline Research is bullish on Housing Development and Infrastructure , HDIL and has recommended buy rating on the stock with a target of Rs 333, in its February 22, 2010 research report.

"Housing Development and Infrastructure, HDIL has rallied smartly from a low of Rs 296 in first week of February 2010 to the present levels. Despite the ongoing volatility in the market, the stock has managed to hold on to the support of its 200-DMA. On the daily charts, it has formed a pattern of a higher bottom. It is considered as the initial sign of a bottoming out process in the short term. The daily RSI is already in strong buy mode, indicating that the prices are set to rally from the current levels. A sustained move past the Rs 318 levels will see the stock heading towards the levels of Rs 330-335 in the medium term. We recommend high risk traders to buy the stock between Rs 312-318 for a target of Rs 333 with a stop loss of Rs 307," says IndiaInfoline research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment