HDIL has potential to move 50%, says Sukhani

Sukhani told CNBC-TV18, “The entire realty sector is coming out major reversal patterns. So this sector itself should outperform in the next few months, but since we are selecting something, which I can relate to easily is HDIL and Indiabulls Real Estate . These are the two names. HDIL at current levels has the potential for another 50% appreciation by the end of this year and so does in Indiabulls Real Estate.”

He further added, “Follow through on most real estate stocks. This is just a first leg of what might be a very attractive upmove, but Unitech is not a favourite. Unitech fell far more than most other stocks did. All the real estate stocks fell, but Unitech was far more on the downside. So I would avoid Unitech. There are other names we have discussed Indiabulls, HDIL, even DLF these are much better poised than Unitech.”