Sep 06, 2013, 05.33 PM | Source: CNBC-TV18

Exit HDIL on rally: Mayuresh Joshi

Mayuresh Joshi, VP Institution of Angel Broking recommends selling HDIl on rallies at around Rs 44-45.

Mayuresh Joshi, VP Institution of Angel Broking told CNBC-TV18, "I think the negatives have already been reflected in the stock price of HDIL . There were certain issues related to corporate governance and the Mumbai Airport issue is something which is clearly playing at the back of the stock price. The land acquisition bill is the only caveat or the saver for the stock when it comes to selling of these land parcels at later stages."

"If one gets a rally on the stock around Rs 44-45 levels it becomes a good exit opportunity, If one has to stay within the real estate space one could indirectly play on to HDFC though the results were a little bit disappointing," he said.

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