Realty may remain slightly weaker

Hormuz Maloo, technical analyst, Geojit BNP Paribas Financial Services, in an interview with ET Now talks about the realty space.

How are you viewing realty, especially a counter like Unitech?

Actually Unitech is not doing so badly. I think its in an uptrend. You have support around 70 - may be it is testing supports around Rs 70 levels and I think if it sustains, it could remain in an uptrend.

But I think realty has given some negative surprises including may be stocks like DLF and HDIL which have not really done anything in the last quarter results. So I think realty may remain slightly weaker space in the coming quarter.

We are not optimistic about infrastructure space: BNP Paribas

Hormuz Maloo, technical analyst, Geojit BNP Paribas Financial Services, in an interview with ET Now says that he is not too optimistic about the infrastructure space.
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