IIFL is bullish on HDIL and has recommended buy rating on the stock with a target of Rs 105.50 in its November 8, 2011 research report.
"HDIL on the daily chart has given breakout from inverted head and shoulder pattern above the neckline resistance of Rs98 with spurt in volumes. The implication of such breakout opens gates for sharp up move in the counter towards Rs112 in the near term. However before the stock rallyDiscover 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!
