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.
HDIL gains backed by healthy volume
Published on
December 30, 2016 15:51
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