Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "In the short term, real estate stocks have already moved up and it is possible that one can see another 4-5 percent move. So just put a figure on one of the stock and pick up for a day or two."
"But I am not there in that business. In fact I look for longer term and our pick is Sobha Developers for the time being, where we see the stock moving up 16-17 percent from here," Baliga said.
At 10:30 hrs Sobha Developers was quoting at Rs 323, up Rs 3.05, or 0.95 percent.
The share touched its 52-week high Rs 472.40 and 52-week low Rs 214.10 on 13 February, 2013 and 04 September, 2013, respectively.
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