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    HomeNewsBusinessStocksAvoid IVRCL, says Salil Sharma

    Avoid IVRCL, says Salil Sharma

    Avoid IVRCL, says Salil Sharma, Kapur Sharma & Co.

    August 16, 2011 / 16:31 IST

    Avoid IVRCL, says Salil Sharma, Kapur Sharma & Co.

    Sharma told CNBC-TV18, "IVRCL is a very weak chart because if we see the six month chart it made a low of around Rs 60 and then did a retracement up to Rs 81 and now again we are much below that Rs 60 and it is just quoting at very close to its lifetime lows. So this is definitely a share to avoid."

    He further added, "HDIL is not that bad as it appears relative to IVRCL. Realty shares are not doing that badly as the infra space but HDIL should have a good support in Rs 145-150 range."

    first published: Aug 16, 2011 03:48 pm

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