Buy HDIL at current level, says SP Tulsian

Buy HDIL at current level, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “One can take a call on HDIL but I don’t think that DLF will really be a wise idea because I have not seen any positive development happening in case of DLF, non-monetization of the assets, debt reduction because that is what they have been talking of these two properties. One is Mumbai and second is Aman resort. But yes may be HDIL I think they seems to have sold good quantity of TDR held with them, they have infact sold some of the FSI also. So probably that will get reflected into the Q4 results and the kind of beating the stock has seen technical factors can also make it- qualifies a buy for the short term.”
He further added, “I have positive view on Coal India because if you recall the company has moved from useful hit value to gross calorific value based pricing from 1st January 2012 and it was expected that at that time infact there was no clarity that what will really be the impact but that has seen getting reflected into the Q4 numbers. If one takes the employees cost except for that I don’t think there is anything disappointing. Whatever fall we see which has partly got offsetted by the slight increase in the other income but overall I think the change in the pricing system to gross calorific value has paid off and that will have the positive reflection on the working ahead.”