HDIL may go below Rs 50, says Sudarshan Sukhani

Housing Development and Infrastructure (HDIL) may go below Rs 50, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Housing Development and Infrastructure (HDIL) was not in a buy mode and chances are that it is sliding lower. An immediate target is Rs 55 for the day traders, for swing traders but I do not think Rs 50 will also hold.”
At 10:54 hrs Housing Development and Infrastructure was quoting at Rs 54.60, down Rs 6.20, or 10.20%. It has touched a 52-week low of Rs 52.20.
The company's trailing 12-month (TTM) EPS was at Rs 9.23 per share. (). The stock's price-to-earnings (P/E) ratio was 5.89. The latest book value of the company is Rs 239.53 per share. At current value, the price-to-book value of the company was 0.23.