Stay invested in DLF, says Hemen Kapadia

Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "In the near-term there seems to be some positive for DLF. If you look at the history it is very disheartening. Soon after listing it went to Rs 1,200 and after that we have been constantly posting lower-tops and lower-bottoms. It has posted a fresh all time low in the last months itself.""At this point in time one needs to hold on with a stoploss of Rs 93. I know Rs 93 is very far off but it is a volatile stock. On the other hand it needs to give a weekly closing above Rs 135 that will be the first indication of a possible turnaround a positive change in trend; Rs 142 and then finally Rs 169 these are the two or three levels," he added.