Feb 13, 2013 11:06 AM IST | Source: CNBC-TV18

Real estate stocks likely do better: Sanjay Sinha

Real estate stocks are likely to do much better, says Sanjay Sinha, Founder, Citrus Advisors.

Real estate stocks are likely to do much better, says Sanjay Sinha, Founder, Citrus Advisors.

Sinha told CNBC-TV18, "If you ignore the stock price performances of the oil and gas stocks and the IT stocks in the month of January the broader market has been experiencing a very wide or a very sharp correction throughout the last six weeks and in that correction I think the real estate stocks had stood their ground for sometime."

He further added, "The unpleasant development of yesterday did trigger some correction there, but I think this phase of consolidation might get over for the high-beta stocks first then it gets over for the large cap index and therefore running into the remaining part of calendar year 2013 I would expect the high-beta stocks including the real estate stocks to do much better."

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