Abhishek Agarwal of Fortune Interfinance advised buying DB Realty with medium to long term perspective.
Agarwal told CNBC-TV18, “DB Realty is one of the top performers currently in the real estate space. The stock is still undervalued due to the previous controversies surrounded by its promoter Shahid Balwa. However it seems that investor has shown some sort of renewed interest in the stock. Lot of volume is seen in the last couple of sessions. The book value of the stock is Rs 140, which gives a comfort to an investor. At the same time the long-term prospective for the company is also good therefore I am recommending the stock as a buy call from medium to long-term.
“Buy Adani Enterprises with a target price of Rs 315 and keep a stoploss of Rs 285,” Agarwal said.
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!