Avoid HDIL, says Sudarshan Sukhani

Avoid Housing Development and Infrastructure (HDIL), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Housing Development and Infrastructure (HDIL) could become choppy now. It does not justify buying. This is far too low price at which we want to go long, in the sense that it has not build a base, it has done nothing. It has just been falling. At best it is to avoid. On a rally it becomes a sell again.”
The share touched its 52-week high Rs 135.40 and 52-week low Rs 62.40 on 22 February, 2012 and 24 May, 2012, respectively.Currently, it is trading 46.97% below its 52-week high and 15.06% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 9.23 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 7.77. 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 0.3.