Ajay Srivastava, Dimensions Consulting is of the view that one can stay invested in real estate stocks.
Srivastava told CNBC-TV18, "Real estate stocks went up dramatically, look at Unitech , it was down to Rs 150-160 in May, went up to something like Rs 480, Ansal Housing and Construction is the same story, but having said that, one will notice in these stock, there is a periodic profit booking by investors and the new lows are above the previous lows."
He further added, "It is always edging up. If there is a correction come back and it is a flavour of the day, there is couple of billion dollars sloshing around at any kind of valuations to entry into some of these companies, wise to stay in this pot, keep investing is what our mantra is atleast for the real estate stocks."
