Rahul Singh, Head of Equity Research at Standard Chartered Securities told CNBC-TV18, "Real estate remains a medium-term story because the rate cycle has to significantly ease off before we see a sustainable rise in the real estate stocks. So, at the moment the stocks we like are Sobha Developers, Prestige Estates Projects and DLF respectively."
"A sustainable pickup in the sales momentum is going to be slightly more back ended than in the case of other consumer discretionary names like auto. Therefore, I would recommend autos ahead of real estate because they are not that rate sensitive and we are beginning to see sign of life in auto demand especially in cars," he added.
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