Go long in HDIL, DLF, Unitech: SP Tulsian

SP Tulsian, sptulsian.com advises to go long in HDIL, DB Realty, DLF and Unitech from real estate space.

Tulsian told CNBC-TV18, “One can take a call on real estate also on a selective basis because we have seen a good amount of corrections having taken place in all the real estate stocks and with the interest regime becoming softer that can be positive.”
He further added, “Infra and real estate both are seen benefiting from this interest rate reduction. I think that sentimental benefits will be seen more for the real estate stocks because we have large chunk of real estate stocks and in fact they have been doing well. May be in terms of accelerating execution of their projects or may be going for the debt reduction, so there are many plays available in the real estate still at a lower price.”
“One can name the stocks like Indiabulls Real Estate or may be Peninsula from the Mumbai basket or may be one can add HDIL and DB Realty in that space from Bangalore. We have Brigade, Prestige and Sobha. From the NCR region we have DLF and Unitech. So, these are few stocks available where still one can play long in the real estate sector.”