Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Overall we see that real estate sector still correcting further and now maybe with this new regulator coming in they will face some tougher times ahead. One could look to buy Sobha Developers and Puravankara Projects at lower levels, may be in the next couple of months."
He further added, "Besides these we have a buy in the infrastructure and capital goods space. We are still quite positive on Larsen and Toubro (L&T). So, we recommend that stock and have a price target of about Rs 1850-1870."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!
