SP Tulsian of sptulsian.com told CNBC-TV18, "All the real estate stocks if you see the leading one, DLF and Indiabulls Real Estate are looking quite strong but both have corrected in a big way. HDIL always comes in the lower level. Its results are on November 14 and I don't think that one can really expect good numbers from HDIL.”
“The third negative for the stock is that we have been hearing rising in the transfer of development rights (TDR) prices but that kind of quantity is not held by HDIL. If you see their performance for the last two-three quarters they have not really booked any income from sale of TDR because of their litigations with the Mumbai International airport. So all this can make the stock correct to a level of about Rs 41.50-42,” he added.
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