Buy HDFC, advises Abhishek Karande

Jan 14, 2014, 04.17 PM IST

Abhishek Karande of SBI Capital Securities recommends buying Housing Development Finance Corporation as the stock may test Rs 870-880.

Tags Abhishek Karande, SBI Capital Securities, Housing Development Finance Corporation

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Abhishek Karande of SBI Capital Securities recommends buying Housing Development Finance Corporation as the stock may test Rs 870-880.

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Buy HDFC, advises Abhishek Karande

Abhishek Karande of SBI Capital Securities recommends buying Housing Development Finance Corporation as the stock may test Rs 870-880.

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Abhishek Karande of SBI Capital Securities told CNBC-TV18, " Housing Development Finance Corporation (HDFC) has been trading sideways for quite sometime and I feel the stock has now headed for Rs 870-880 odd levels. So one can buy at these levels with a stoploss of Rs 810."

On January 14, 2013 Housing Development Finance Corporation ended at Rs 823.85, up Rs 5, or 0.61 percent.

The share touched its 52-week high Rs 931 and 52-week low Rs 632.20 on 30 May, 2013 and 28 August, 2013, respectively.

Disclosure: He might have recommended the stock to his clients as a part of their holdings.

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