Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, “HDIL still continues to be roiled in the controversy at the moment. There are too many things happening around that. I have not really had an opportunity to go through the numbers in detail, but the cancellation of Slum Rehabilitation Authority (SRA) in some way probably should impact its valuation is what my broad understanding is.”
He further added, “I remember the time when this project was awarded there was a lot of calculation which was going around and the valuation that was being given was quite big. So I am sure that must be negative and unfortunately for this company and for the sector as such the controversy overshadows the real intrinsic value of the company and it is very difficult to really find or discover the intrinsic value of the company amidst all these things that we talk about. Of course I will go through the numbers, but all said and done HDIL is something which one can best avoid from the current levels. Maybe in the short run it can still move up, but I would still stay away.”Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
