Buy HDIL below Rs 500: Portfolio Manager PN Vijay

Portfolio Manager, PN Vijay is of the view that one can buy HDIL below Rs 500.

Vijay told CNBC-TV18, "HDIL has got an excellent business model too in terms of being right inside Mumbai and doing the redevelopment etc. Good promoters, there is sort of basket selling of some stocks going on. One can buy HDIL below Rs 500 for a one-year timeframe. It does not really matter if it goes to Rs 400 or whatever. These are stocks, which are really strong; one should buy them at such sharp corrections."

Source : MoneyControl