HDIL can move to Rs 95-97, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
Paul told CNBC-TV18, "One big move, one fresh breakout has come is HDIL. The stock has been consolidating for quite sometime but it's picked up some nice move. It's confirmed a higher high and higher low, which says the fact that this stock can inch further up close to that Rs 95-97 is where the next level of supply is. So this is one stock we keep a watch from a long term point of view."
The company touched its 52-week high Rs 198.90 and 52-week low Rs 52.10 on 07 Apr, 2011 and 02 Jan, 2012, respectively. Currently, it is trading -54.98% below its 52-week high and 71.88% above its 52-week low. Market capitalisation stands at Rs 3,752.18 crore.
