Sandeep Wagle of powermywealth.com is of the view that one may exit Unitech and prefer Indiabulls Real Estate.
Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would not be very comfortable holding Unitech, not that the pattern is bad, as a trade, one can still take it. I would recommend instead Indiabulls Real Estate. One should exit Unitech, trading moves can be captured, but it is avoidable. Buy an Indiabulls Real Estate with a stoploss of Rs 72 and target of Rs 98, that would be much safer."
At 15:03 hrs Indiabulls Real Estate was quoting at Rs 84.15, up Rs 3.60, or 4.47 percent on the BSE.The Great Diwali Discount!
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First Published on Mar 1, 2017 03:17 pm