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Last Updated : Dec 30, 2015 03:46 PM IST | Source: CNBC-TV18

Exit HDIL, prefer LIC Housing: Sharmila Joshi

Sharmila Joshi of is of the view that one may exit Housing Development and Infrastructure.

Sharmila Joshi of told CNBC-TV18, "I am not giving short-term advice but from a longer-term perspective the investor should switch out of Housing Development and Infrastructure (HDIL) because real estate as a sector, the stocks which are real estate focused, they are going to take some time to show recovery because a lot of them have leveraged books etc, but what I like within the real estate play is either the proxy real estate stocks like housing finance or a tile company or a paint company is much better to position."

"So within the housing finance companies I like LIC Housing Finance or some other proxy play like Century Plyboards. So my strategy would be to buy stocks like that rather than being invested in HDIL," she added.

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First Published on Dec 30, 2015 03:46 pm
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