LIC Housing Finance a good stock to buy: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about LIC Housing Finance and HDIL.

You have got a buy on LIC Housing Finance and a sell call on HDIL from real estate space. Why in particular LIC Housing Finance and what are your targets there?

About an hour back but no longer, it was around the high of the day and looking a little promising. Now it is little iffy but it is still up for the day and it is a reasonably stable stock, it does not fall too much. It is in a well established uptrend. So given that if one has to buy something, it is not too bad a stock, at least the downside risk is limited and upside, it has been giving returns.

HDIL is a fairly simple choice; it has been in a very persistent downtrend. After the sugar pack, it is probably among the weaker stocks around. The entire real estate pack is not necessarily that weak but it is not strong either and HDIL in particular is definitely in quite a decline right now.