Hold DLF, says Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "DLF is a stock which we had actively recommended as a contrarian call at around Rs 100 because we could distinctly see lot of developments happening. The management actually is making the right moves in trying to improve upon what is a very badly damaged balance sheet otherwise.""At Rs 120, we are asking our clients to continue to hold on for the time being though putting in incremental money after the sharp upsurge of more than 20-25 percent is something which I would not like to do," he said.