Housing Development and Infrastructure Intraday Call
Real Estate Major Housing Development and Infrastructure (HDIL) looks attractive above Rs 949 with strict stop loss of Rs 925. This is an intraday call for day traders for achieving a target of Rs 973-1028.
Based on current results, the stock is trading at a P/E of 48 with earning per share of Rs 20.
HDIL focuses on Real Estate Development, including construction and development of residential, commercial & retail projects, slum rehabilitation and development, land development including development of infrastructure.
At National Stock Exchange, the stock of the company has achieved 52-week high of Rs 999 and a low of Rs 477.
Other companies from the sector which are looking good include DLF, Indiabulls Real Estate, Puravankara Pro, Unitech and Omaxe.