Buy HDFC, expect it to touch Rs 814: Vayalar

Manoj Murlidharan Vayalar of IIFL recommends buying HDFC at around Rs 770 with a target of Rs 814 and a stoploss at Rs 750.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Stocks Views

Sep 18, 2013, 02.37 PM | Source: CNBC-TV18

Buy HDFC, expect it to touch Rs 814: Vayalar

Manoj Murlidharan Vayalar of IIFL recommends buying HDFC at around Rs 770 with a target of Rs 814 and a stoploss at Rs 750.

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

Buy HDFC, expect it to touch Rs 814: Vayalar

Manoj Murlidharan Vayalar of IIFL recommends buying HDFC at around Rs 770 with a target of Rs 814 and a stoploss at Rs 750.

Post Your Comments

Share Cancel

Manoj Murlidharan (more)

Head- Derivatives, Religare Securities | Capital Expertise: F&O

Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "There is a lot of sector rotation which might happen in the index. Needless to say, the weightage of HDFC and even the banking space is expected to go to 22 percent from 19 percent. At Rs 770, HDFC becomes an excellent buy and one may keep a stoploss of Rs 750 with a target of Rs 814."

At 13:54 hrs Housing Development Finance Corporation was quoting at Rs 790.25, down Rs 14.10, or 1.75 percent. It has touched an intraday high of Rs 808 and an intraday low of Rs 780.

The share touched its 52-week high Rs 931 and 52-week low Rs 632.20 on 30 May, 2013 and 28 August, 2013, respectively. Currently, it is trading 15.12 percent below its 52-week high and 25 percent above its 52-week low. Market capitalisation stands at Rs 123,047.86 crore.

Disclosure: We have discussed this with our clients but no personal holdings.

Buy, Hold, Sell ? Hear it first on M3
Buy HDFC, expect it to touch Rs 814: Vayalar

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login