SP Tulsian positive on Indiabulls Real Estate, HDIL

SP Tulsian, sptulsian.com is positive on Indiabulls Real Estate and HDIL.

Tulsian told CNBC-TV18, “Infra stocks, one has to take a little longer call maybe of about couple of weeks because as I said that we are expecting the policy actions to start happening from 22nd July once the presidential election gets over, so in that rally once we have the- or probably the Monday inflation figure if it comes- core inflation about 5-5.5% that will also start building up the hopes of rate cut by the Reserve Bank of India.”
He further added, “One has to keep a positional view on these stocks and since the IVRCL and Nagarjuna Construction two stocks have corrected more into the infrastructure space or maybe the construction space I will be keen to buy these two stocks because I don’t think that there is any structural weakness or fundamental weakness in these stocks, these are just the tired short-term investors or the traders are getting out of the stocks and in the real estate space I will probably keep my positive view on Indiabulls Real Estate and HDIL, two Mumbai-based real estate stocks where again one can expect the things to start going upwards in the next couple of weeks’ view.”