Go long in Peninsula Land, Anant Raj Ind: SP Tulsian

SP Tulsian, sptulsian.com feels that one can go long in Peninsula Land and Anant Raj Ind.

Tulsian told CNBC-TV18, “I am keeping my positive stance on Peninsula Land – that is what I have been advising for since yesterday when the stock has corrected to the level of as low as about Rs 62-63. And that looks to be quite promising because if you see the big run up, which we have seen last week since then – practically all the real estate stocks whether you talk of DB Realty, Peninsula Land, HDIL, Indiabulls Real Estate or maybe Orbit Corporation – those who have a strong presence in the pocket of Mumbai, they have all been witnessing the profit-booking.”
He further added, “One cannot really say that the breakdown has happened into the stocks or maybe the negative perception has started building up. So the positive stance had continued to remain and I am keeping my positive stance on the Peninsula Land if you really want to pick one stock from the Mumbai market that is Peninsula Land and maybe from the NCR Region, I am keeping my positive stance on Anant Raj Industries. So, these are the few stocks where one can still look to go long in spite of having seen good run up today.”