DLF is a good stock to buy: Gurunath Mudlapur

Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd. in an interview with ET Now talks about DLF.

A take on DLF probably pre-results do you think buying into this counter is a good idea or probably just stay out of it completely?

From a trading perspective I think it will be very tough for making a call from today’s market perspective because the market overall is lacklustre and in this context if it has a negative tinge and then even if the results are good I think the market could take a cue and then there could be profit booking happening.

In the medium term I think that the sector is beginning to gain momentum. Their actual sales on the ground which these companies are witnessing and the growth momentum is picking up and even the financing for the sector is getting easy so from that perspective DLF being the largest player in the sector I think will stand to gain in terms of growth in the times to come and from that perspective today at these prices I think is still a good stock to buy and in the medium term to long term I think this stock can give phenomenal returns.