Aashish Tater of Fortunewizard.com advised going long on JM Financial with a target price of Rs 29 and going short on HDIL with a target price of Rs 39.5.
SP Tulsian of sptulsian.com expects Housing Development and Infrastructure (HDIL) to touch Rs 48 level in July series.
A little over a month ago, HDIL had moved the court against MIAL, SRA and also Mumbai Metropolitan Regional Development Authority (MMRDA) after MIAL terminated the slum rehabilitation contract with it.
According to Pankaj Jain of Sunteck Wealthmax, one may go long in IVRCL as it may be moving out of the F&O series from today.
Gaurav Ratnaparkhi of Sharekhan says one can initiate fresh long position in HDIL with stop loss of Rs 34. Target will be Rs 38 and the timeframe will be three-four sessions, he adds.
SP Tulsian of sptulsian.com advises buying HDIL with a target price of Rs 37.50 and Bajaj Finserv with a target price of Rs 688.
Shares are expected to remain volatile next week ahead of the expiry of June derivative contracts on Thursday, with the focus on whether the rupee continues to hit record lows and foreign investors continue their selling streak.
Rajesh Agarwal of Eastern Financiers advises to buy Mahindra Ugine for a target price of Rs 95.50 and Rasoya Proteins for a target price of Rs 13.
One may opt out of HDIL and switch over to DLF or Indiabulls Real Estate, feels Sudarshan Sukhani of s2analytics.com.
Aashish Tater of fortunewizard.com advised going long on Jet Airways and short on Adani Power, Arvind and HDIL.
Aashish Tater, head of research at fortunewizard.com advised going short on Adani Power with a target price of Rs 50.5 and Arvind with a target price of Rs 81.
Sudarshan Sukhani of s2analytics.com recommends avoiding HDIL. He suggests buying DLF, Indiabulls Real Estatein, Prestige Estates and Nitesh Estates stocks.
The company, which recently got its slum rehabilitation contract with the Mumbai Airport terminated, had planned to set up an IT park on the 70 acre plot on the Cochin special economic zone at Kalamassery with a planned investment of Rs 2,300 crore.
One shouldn‘t buy HDIL, says Pankaj Jain, Director at Sunteck Wealthmax Capital Pvt Ltd. He has gut feeling that the stock will break its 52-week high rather than trying to stabilise at current levels.
Sanjeev Agarwal, CEO at Dynamix Research & Capital Management is advises to exit from HDIL on any pullback towards Rs 60.
Sharmila Joshi of Peerless Securities is bullish on Ashok Leyland and Chambal Fertilizer and keep buy rating on both the stocks.
Parag Doctor of Keynote Capital recommended buying Britannia Industries and Glaxosmithkline Pharma. However, he advised one can sell HDIL and SAIL.
Sharmila Joshi of Peerless Securities advised buying Sterlite Industries with a target price of Rs 96.50. Meanwhile, Parag Doctor of Keynote Capital advised buying Britannia Industries with a stoploss at Rs 700 and for a target price of Rs 750.
Prakash Diwan of Altamount Capital says this is right time to cherry-pick stocks with good valuation. He advises against real estate stocks.
On May 30, Citigroup Global Markets Mauritius Private Limited sold 25,04,000 shares of HDIL at Rs 44.93 on the NSE.
Mehraboon Irani of Nirmal Bang Securities said he would continue to remain negative on the entire real estate sector and HDIL in particular.
Sudarshan Sukhani of s2analytics.com advises to short HDIL and Unitech at current levels.
SP Tulsian of sptulsian.com is bullish on AstraZeneca Pharma and HDIL, while he is bearish Union Bank of India and Dena Bank.
Housing Development and Infrastructure (HDIL) is a sell, says Ambareesh Baliga of Edelweiss Financial Services. "Realty sector is seeing a slowdown and as the airport project being off which is a major negative for these companies," he reasoned.
HDIL lost another 2 percent on Thursday after Mumbai International Airport Limited (MIAL) had sent a termination notice for its slum rehabilitation project.