Exit HDIL on every rally: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Housing Development and Infrastructure (HDIL) is unlikely to see a big recovery in near future, whatever the price maybe. So one should get out."

"The next few days may see some kind of momentum in the markets. One should use this gain or momentum to exit. One should exit HDIL on every rally," Sukhani said.
The share touched its 52-week high Rs 123.95 and 52-week low Rs 31.75 on 16 January, 2013 and 25 June, 2013, respectively. Currently, it is trading 65.99 percent below its 52-week high and 32.76 percent above its 52-week low. Market capitalisation stands at Rs 1,766.10 crore. Also Read: Slew of realty launches in Mumbai on faster approvals