Exit HDIL on rally, prefer LIC Housing: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "It is not a wise idea to hold into a sector or a stock which is underperforming since so many years. Therefore, it is better to get out of Housing Development and Infrastructure (HDIL) at current price or maybe a rally to Rs 95-100 which can come in the next couple of weeks; seeing some good patterns on daily charts but not a good stock to hold on for a long-term. So I would switch to a better stock like LIC Housing Finance or Dewan Housing Finance Corporation which are doing better in this sector and making higher tops and higher bottoms."

At 15:06 hrs Housing Development and Infrastructure was quoting at Rs 82.05, down Rs 2.65, or 3.13 percent on the BSE.