Stay away from Indiabulls Real Estate: Sukhani

Sudarshan Sukhani, s2analytics.com said he would stay away from Indiabulls Real Estate.

Sukhani told CNBC-TV18, “I would stay away from Indiabulls Real Estate. This stock has rallied. Most real estate stocks gave them V-shaped rallies. They are now stalling. So Indiabulls Real Estate needs to correct a lot, confirm the bottoms then only it would be worthwhile. I would not do anything.”
At 14:54 hrs Indiabulls Real Estate was quoting at Rs 80.85, up Rs 4.25, or 5.55 percent. It has touched an intraday high of Rs 82.00 and an intraday low of Rs 76.50. It was trading with volumes of 1,962,915 shares