I am not too bullish on DLF: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on DLF.

ET Now: What is the call on DLF?

Ambareesh Baliga: Because of these reports which have come out, research reports with targets of 280-320, we are seeing a move but again I am not too bullish on DLF.

I clearly see that the operating profits are not really going to be great even for the next couple of quarters if not the next year, year and a half and whatever they are doing is just selling off assets at distress valuations.

I would say these are distressed valuations because they surely would have expected much more a couple of years back. More or less this is the top for DLF. Possibly it can go to levels of about 280. I do not discount that. So surely it is not an investment buy at this point of time. For trading for another Rs 10-15 possibly yes.