Go long on HDIL, says Abhishek Agarwal

Go long on HDIL, says Abhishek Agarwal of Fortune Interfinance.

Agarwal told CNBC-TV18, "I would like to go long on HDIL with a target of Rs 105 and stop loss of Rs 95.5. It is the largest slum rehabilitation company in India. At Rs 18 of EPS, it is trading 5 times of PE multiple and at NAV of 220, it is trading at 55% discount therefore the downside risk is limited and upside looks attractive.