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Exit HUDCO, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one may exit Housing & Urban Development Corporation.

December 02, 2017 / 10:17 AM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Housing & Urban Development Corporation (HUDCO) is basically a flat stock. It is between Rs 80 and Rs 90, done totally nothing. So, this could be a good time to get off and hold some cash. And as stocks come off, the good NBFCs like Bajaj Finance or L&T Finance, etc. they will come off and at some point bottom out. So maybe one can get into a better NBFC than HUDCO."

Housing & Urban Development Corporation ended at Rs 81.30, down Rs 0.90, or 1.09 percent.

The share touched its 52-week high Rs 102.35 and 52-week low Rs 60.00 on 14 July, 2017 and 18 May, 2017, respectively.

Currently, it is trading 20.57 percent below its 52-week high and 35.5 percent above its 52-week low.

Market capitalisation stands at Rs 16,275.45 crore.
CNBC-TV18
first published: Dec 2, 2017 10:16 am
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