SP Tulsian of sptulsian.com told CNBC-TV18, "The kind of beating which we have seen happening in real estate sector across the board whether one takes the Mumbai based real estate stocks or NCR or maybe the southern region probably, I don't think that kind of beating is really justified. I really see good value coming in those stocks at such a lower level."
He further added, "The bottom has formed for DLF. In fact, lot of shorts are still pending in the system. The renewed buying seems to be coming back coupled with short covering."
"We have seen a correction in Indiabulls Real Estate from Rs 80 to 60 just in a period of one month, but always the volatility or the price behaviour is very swift in case of this stock. I won't be surprised to see the stock moving back to a level of Rs 70 plus in this July series. I will advise to keep a view of one week for a gain of about 8 to 10 percent in both DLF and Indiabull Real Estate," Tulsian said.
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