Book profits on DLF rather than getting into it at this time: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com shares his views on DLF.

What is the call on DLF?

Around 195-200 you have some kind of risk reward. If you buy at 230 chances are you will get stuck, inflation is not coming down, rates are going to move higher, so you do not want to mess around with the rate sensitive stocks too much. So you are much better off trying to focus on the tax and the non-rate sensitive stocks at this point. DLF has had a 15% rally, if you got in early this is a time to take profits rather than get into it.