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Stay invested in HUDCO, MOIL: Prakash Diwan

Prakash Diwan of Altamount Capital Management is of the view that one may stay invested in HUDCO and MOIL.

November 24, 2017 / 04:55 PM IST

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "Housing and Urban Development Corporation (HUDCO) is a very interesting play and very few investors seems to have bought it when it was on the strong up move that we saw. The stock has had all sorts of negative news flow that could have come post the IPO. The mildly negative think that has got absorbed, now given the affordable housing push that the government is very clear in terms of its focus a lot of funding will happen towards developers who get into affordable housing through the HUDCO platform."

"I think that is going to be very promising, so they will have a very nice organic growth trajectory and as their book grows they will definitely be able to be much leaner and fitter in terms of earnings as well. So, the margins would improve. I think one should stay put with HUDCO and the same is with MOIL."

"There is absolutely no question of doubting the kind of salient that this company brings. It is almost like a monopoly here the way the prices are for all these commodities given this demand trajectory," he added.
CNBC-TV18
first published: Nov 24, 2017 04:54 pm
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