Short Indiabulls Real Estate, says SP Tulsian

Short Indiabulls Real Estate, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "One can short Indiabulls Real Estate due to poor off take of the real estate seen especially in central Mumbai where the company is having a huge presence as well as erosion in selling prices seen in that pocket of Mumbai. A huge amount of this company is invested in this project which are likely to remain unproductive for next 12 months or so hence a negative view on the stock with a stop loss of Rs 75 and day target of Rs 70."