UTI Securities recommends ‘buy’ on HDIL

MUMBAI: UTI Securities recommends buying Housing Development & Infrastructure Ltd at Rs 671.75 and accumulate on declines around Rs 650 and Rs 625 levels. Target price of Rs 825 is expected within 4-6 weeks. Stop loss at Rs 618.85 weekly closing.

Simple Moving average values: 10 days =658, 20 days =699, 50 days =625, 200 days = Nil.

On thursday at 11:11 am, HDIL shares were at Rs 705.15, up Rs 32.50 or 4.83 per cent from Wednesday’s close of Rs 672.65.