Sell Unitech on rallies, pick DLF: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I do not see Unitech running past Rs 8-9 anyway. So, for that kind of a gain, definitely one can invest and come out on rallies. There are other opportunities that are there in the market as of now, even in the housing space, I would recommend a DLF where the promoters are saying that they are going to hive off the entire debt in some time. So, I would be more comfortable with DLF than Unitech because they are not able to service the debt which they have on the books. And the amount of shares which they have pledged, it is humongous. So hardly any equity is left with the promoters as well.""So, the situation is far away from manageable until and unless some miracle happens and some foreign fund or some company comes and takes over the entire assets which Unitech has as of now, I do not see the stock bouncing back to Rs 22-23 again. So, better would be to exit on rallies and invests on some other good company.""There are companies like Oberoi Realty, Ajmera, companies like Puravankara Projects, Brigade Enterprises who are doing some fantastic work, in the southern part of the country. Or even DLF which is quite prominent across the country. So, if you want to be in the housing sector, be with the leaders and be with companies which have stable balance sheets," he said.