Rajesh Agarwal, Head of Research at Eastern Financiers told CNBC-TV18, "For trader there are opportunities in stocks like DLF. If you are investor it is a strict no because although the numbers on the revenue side were good, bottomline crashed by around 48 percent. We can see some amount of revenue growth because of the good number of projects they are having."
"Going forward with the kind of controversies the entire sector is - the corporate governance issue, huge inventory built up, interest rates and all those things, I don't think it is prudent for any retail investor to be in sector like real estate. So, if you are a trader there are opportunities, but for a retail investor I won't think that one should invest in a stock like DLF. One should better be in some other stock may be a banking stock or FMCG which are doing well," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
