Here is some data on the counter HDIL and the people promoting to buy it

1) Emkay securities has kept the target around 543 however in a May 19 report it had said that the TDRs in Mumbai airport project have fallen to 1750/- against HDIL expecvtation of 2700 and therefore the company will incur losses

2) ICICI is rumoured to be selling 250000 shares after they had set an enormous target of about 689 .

3) The September quarter advance tax for the company is zero along with others like DLF, OMAXE etc.

However I continue to hold HDIL @455 and quite a lot of them and will add another
2000 of them because

1) Even if the company posts a loss this quarter or say year how much can it be ?book value of 132 is at 3500 crores and if they have to book an unlikely loss of 600 - 700 crores and pay from their assets BV will still be 2800/3500*132=80% value = 105.6 and
loss of that level cannot be made on sales of even 8000 crores which if made will take company out of troubled waters

2) Property and equity have taken a back beat this year but it will continue northwards again as can be seen historic data taken 5 - 10 years and for property post independence.

3) Debt crisis of these companies is over bought into because inflation of construction material is equal to the interest these companies are paying as interest.

Please share your views too along with news on this stock . I have a time horizon of 7-8 years (period stock markets are assumed to super correct) ...