Anant Raj, Prestige Estates look good: SP Tulsian

Anant Raj, Prestige Estates, Brigade Enterprise, Peninsula Land, Indiabulls Real Estate and DLF are looking good at current levels, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “One has to keep the positive view on the real estate sector and that is what I have been saying for last one week. You may exclude some of the stocks like Housing Development and Infrastructure (HDIL) which otherwise was in F&O band maybe till this morning, but now has been out and it is a very high volatile stock.”
He further added, “If one really takes the call on the other stocks like Anant Raj Industries, Prestige Estates, Brigade Enterprise, Peninsula Land, Indiabulls Real Estate, DLF all are still looking very good. So I think that one can keep a positional view. When the market will start taking corrections which I am expecting to happen, probably some of the positions may get shifted in this. I agree that there are concerns of its own high debt, non-execution capability, non-launching of the projects and all sort of things, but still if you really take the cost factor or maybe the prices at which they have been ruling vis-à-vis the land holdings, because all these developers have now been very aggressive in launching the new projects and now they are focusing on the project completion time also. They have curtailed their selling prices where people are coming and going for the booking because of the alternate shift in the asset class from gold to the real estate now. So taking all this into account I am keeping my positive view on the few stocks with positive bias on the overall real estate sector.”