Moneycontrol BureauHome finance and realty stocks should do well as the regulation of the real estate sector and likely fall in interest rates going ahead have set the stage for a new property cycle, writes Chris Wood, author of CLSA’s GREED & fear newsletter.“Monetary easing expectations are rising in India with growing speculation about who will replace Raghuram Rajan as the next RBI Governor in September,” says GREED & fear.“For such reasons GREED & fear would advise investors to increase exposure to Indian interest rate sensitive stocks most particularly in the housing finance and residential property sectors where the passage of a law in March bringing long overdue regulation to that sector has created the backdrop for a new property cycle,” it adds.GREED & fear has added Indiabulls Housing Finance and DLF in its in the long-only Asia ex-Japan portfolio with a 3 percent weightage each. The existing investment in Prestige Estates will be increased by one percentage point.These additions will be at the expense of Reliance Industries, which will be removed from the portfolio.
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