Sobha Developers looks attractive at current levels: Bhat

Sobha Developers is looking attractive at current levels, says Dilip Bhat, Joint MD, Prabhudas Lilladher.

Bhat told CNBC-TV18, “I am not very gung-ho on the markets I think this market remains a pick and choose. For example in real estate I would still go for something like a little down but Sobha Developers appears to be good from the current levels. I think that’s a stock which can go places. Maybe I am not too keen on HDIL and certainly not keen on Unitech, maybe DLF could fit in somewhere.”
He further added, “As far as the infrastructure space is concerned it would still be something like an IVRCL for reasons which are not necessarily fundamental at the moment. So, I think it’s going to be very limited choice and maybe a Larsen & Toubro would fit in but certainly not at these levels.”