DLF can be picked in real estate: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about DLF and other real estate stocks.

What is your take on real estate?

Infra has been actually falling at a heavier rate than these stocks, except Unitech which has taken a rather a large hammering for different reasons. If you look at DLF, it is the best performing or the least hit stock in realty and that is down about 30-35% from Diwali and lot of stocks are down 30-35%. So there is nothing extraordinary in the DLF decline.

However, Orbit is one of the weaker ones. It is down some 60-65% since August when it topped out and the other realty stocks have been down little more severely. HDIL for example is half its price now since Diwali. So real estate is under pressure, not as much pressure as infrastructure. Of that lot, if some stocks have to be picked up, DLF is probably a little bit better not falling at a heavy rate. It would be the take there. But no signs of a bottoming here yet. In fact, so many sectors have still to bottom out.