After the Caplin Point example seen yesterday, we have another good news following investment in HDIL stock. Having identified HDIL shares for investment few weeks back, the stock price was under consolidation for sometime. It underwent a big upmove on Monday, April 6, 2015 and there were news of some big company investing a huge amount in HDIL stock. The news has been confirmed as Merrill Lynch Capital Markets Espana S.A. SVB has purchased 58.16 lakh shares of HDIL (Housing Development and Infrastructure). This proves the fact that when you follow the trend and believe in your investment, good news would automatically follow. This is my personal view and such instances have enhanced my belief in picking up the trend for stock investment in Indian equity markets.
The HDIL stock from real estate sector rose massively by 25% on April 6, 2015 to reach levels of Rs. 129. The HDIL CMP (as on 7th April, 2015) is Rs.127 and there may be some consolidation happening after the sharp upmove yesterday. The news of Merrill Lynch investment in HDIL shares re-affirms that this is a good long-term stock pick. Patience is always the key and it has started paying rich rewards in this counter. This once again makes me repeat that ‘Trend is King’ as far as Indian stock markets are concerned.
It will interesting to see the future trend in HDIL stock. May we keep following the trend and continue minting in tonnes. Let the money rain continue forever..hahahaha!
NOTE: The above information is purely my own personal take / view / discussion on HDIL stock after my analysis along with the news published in the source website mentioned above. I am not at all a certified Stock Analyst or Stock Broker or Research Analyst. All my readers of this blog are advised to perform their own analysis and consult any authorized research analyst or financial advisor before taking their investment decision.
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