SP Tulsian not positive on DLF

SP Tulsian, sptulsian.com is not positive on DLF.

Tulsian told CNBC-TV18, "I have not been keeping very positive stance on DLF because of multiple reasons. First they have not shown substantial progress in debt reduction in spite of their Aman Resorts and Mumbai property sale. Second, none of the new projects have come in or launched by the company. Thirdly, I am not too worried by the CCI order because that has come at the direction of the Appellate Authority and they have suggested some modifications which were one-sided against the interest of the buyers.”
He further added, “But still if you see the relative valuation or the fundamentals of the other real estate stocks, so you are more comfortable there may be stocks like Anant Raj Industries and Unitech or may be Jaypee Infratech for that matter purely from real estate point of view in the National Capital Region (NCR) or in the northern belt."