Feb 13, 2013, 11.06 AM | Source: CNBC-TV18
Real estate stocks are likely to do much better, says Sanjay Sinha, Founder, Citrus Advisors.
Sanjay Sinha (more)
Founder, Citrus Advisors | Capital Expertise: Equity - Fundamental
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."