Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I was upbeat on Indiabulls Real Estate and DLF but now it seems within the context of the SGX decline, real estate may have completed its rally and perhaps DLF is now a short selling idea, same as the public sector undertaking (PSU) banks. The rally was at least better than the PSU banks and we are selling into some kind of strength; there is a three-four day gain here. This is slightly more risk than the PSU banks, but the rewards could be good."
The share touched its 52-week high Rs 289.20 and 52-week low Rs 161.25 on 12 March, 2013 and 24 June, 2013, respectively. Currently, it is trading 38.28 percent below its 52-week high and 10.7 percent above its 52-week low. Market capitalisation stands at Rs 31,768.31 crore. Also Read: Godrej Properties to develop a housing project in New Delhi
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