The stock of Housing Development & Infrastructure (HDIL) gained 7 per cent combined with a spurt in volume of more than 2.8 times on Friday. After recording a 52-week low of ₹52.2 on Tuesday, the stock has been trending up, witnessing buying interest. The stock closed at ₹59.8, testing its 21-day moving average. Further rally on Monday can take it upwards to ₹63 and then to ₹65 levels in the coming week. Notable supports are at ₹58 and ₹55 levels.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.