Baliga told CNBC-TV18, "We have not bought anything in real estate in the last possibly twelve months because we were negative on real estate and we still continue to remain negative."
He further added, "For the next couple of months in fact a stock like DLF we have a price target of Rs 260-270. I think it is moving towards our level."
DLF has touched an intra day high of Rs 316.50 and an intra day low of Rs 312.50. At 10:30 hrs the share was quoting at Rs 314.15, down Rs 0.3, or 0.1% with volumes of 341,948 shares.
