Kotak Securities puts bet on HDIL
ET Now talks to Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities on real estate stocks.
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| ET Now talks to Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities on real estate stocks.
On real estate stocks how are you placing your bets right now?
See this particular space is having very high beta whenever the market goes up or when it goes down. This time also it was the third best sector which really outperform after budget. I would choose HDIL as the trading bet to go long or to go short because this particular stock is in very high beta to the overall markets.
Indiabulls, that's the other one as well which has been drawing a lot of interest?
Yes, this stock I think is near to its bottom of 155-160 from there again we can expect 180-190 on the higher side but the stock is near to its bottom of 150.
On real estate stocks how are you placing your bets right now?
See this particular space is having very high beta whenever the market goes up or when it goes down. This time also it was the third best sector which really outperform after budget. I would choose HDIL as the trading bet to go long or to go short because this particular stock is in very high beta to the overall markets.
Indiabulls, that's the other one as well which has been drawing a lot of interest?
Yes, this stock I think is near to its bottom of 155-160 from there again we can expect 180-190 on the higher side but the stock is near to its bottom of 150.
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