Hold HCC, says Baliga

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Hold HCC, says Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that one should continue to hold HCC and although it has seen a very good move from those lower levels of Rs 33-34, it could actually move to levels of around Rs 75-80 in the next one and a half to two months.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ambareesh Baliga See what other Experts & Brokerages are saying about Hind Constr See messages about Hind Constr Hind Constr BSE | NSE 28/05/12 Are Mutual Funds betting on Hind Constr?

Ambareesh Baliga of Karvy Stock Broking is of the view that one should continue to hold Hindustan Construction Company .

Baliga told CNBC-TV18, "The investor should continue to hold HCC and although it has seen a very good move from those lower levels of Rs 33-34, the way we see it is it could actually move to levels of around Rs 75-80 in the next one and a half to two months. Clearly since it is in infrastructure space and that too in the power space, we clearly see that at least for next two-three years there is absolutely no issue as far as order book position of HCC is concerned. So from that point of view one can just continue holding. If one holds for the next two-three years, even from these levels I think it will be a multibagger."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock or sector.