Short real estate, two-wheeler stocks: Ajay Srivastava

Ajay Srivastava, CEO of Dimensions Consulting said they were short in real estate and two-wheeler stocks. According to him, both markets will get affected.

Srivastava told CNBC-TV18, “We started to short auto stocks and two-wheeler stocks yesterday. On Hero MotoCorp, we are running a short position at this point of time. The froth is going to do sectors which are not going to perform. Now, we recognise the fact that two-wheeler market will show a profit expansion but they will also show a severe volume depression in this quarter as well. So, two-wheeler stocks and real estate are two sectors where we are actually running short positions because both the markets will get affected.” He further said, “With the hawkish comment of RBI and the demand being an issue real estate is sitting on a time bomb of huge amount of sell orders with no buying interest. One has to go to the market to believe that there are about a 100 sellers to one buyer in the market today atleast in the NCR region. And this is true for Mumbai and may not be so true for Bangalore. However, that is the real estate market. So, people who are getting on to the band wagon and we may be proved wrong, are asking for trouble because this is one market where the fundamental factors are telling a different story than the stock market."