SP Tulsian, sptulsian.com advice traders to re- enter in Indiabulls Real Estate around Rs 55.
Tulsian told CNBC-TV18, “Two reality stocks, which I would buy is loaded with news which is DLF. We have been hearing that the deal might happen in case of Aman Resorts, may be in case of Mumbai property though the stock has been showing a weak trend, but one can definitely look at about Rs 200 or so.”
He further added, “Second could be HDIL and third stock where I will be little cautious could be Indiabulls Real Estate because the kind of profit booking now which we are likely to see in that stock and may be the fear of bad results may keep the stock further weak for may be a week or so and then can correct to about Rs 55-56 where re-look can be made on that stock at those levels.”
Tulsian told CNBC-TV18, “Two reality stocks, which I would buy is loaded with news which is DLF. We have been hearing that the deal might happen in case of Aman Resorts, may be in case of Mumbai property though the stock has been showing a weak trend, but one can definitely look at about Rs 200 or so.”
He further added, “Second could be HDIL and third stock where I will be little cautious could be Indiabulls Real Estate because the kind of profit booking now which we are likely to see in that stock and may be the fear of bad results may keep the stock further weak for may be a week or so and then can correct to about Rs 55-56 where re-look can be made on that stock at those levels.”
Source:
www.moneycontrol.com
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