Sell HDIL shares, bounce-back unlikely: experts
By Anisha Nayar Dhawan | Published On: February 01, 2013 16:00 (IST) | Duration: 20 min, 53 sec
Experts, Vishal Jajoo, senior research analyst at Nirmal Bang Securities, and Mitesh Panchal, technical analyst at SUR Advisory Services, recommend a sell on HDIL. Mr Panchal says a credible bounce-back is unlikely after a steep fall and investors should wait for a rally to exit the stock. Mr Jajoo agrees and adds, the markets will never reward a stock in which promoters have been selling their stake.