Hold HDIL: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can hold Housing Development and Infrastructure (HDIL).

Sukhani told CNBC-TV18, “I advise one should hold on to it. HDIL is just breaking out of a long trading range. Rs 99 will come, it will come soon wait patiently for six months and you will get out with a profit.” HDIL has touched an intraday high of Rs 87.80 and an intraday low of Rs 86. At 1:14 pm, the share was quoting at Rs 87.40, up Rs 2.35, or 2.76%. It was trading with volumes of 2,004,721 shares, compared to its 5-day average of 5,852,729 shares, a decrease of -65.75%. The company touched its 52-week high Rs 175.45 and 52-week low Rs 52.10 on 08 Jul, 2011 and 02 Jan, 2012, respectively.