Sell D B Realty on rallies: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com, shares his investment ideas.

What is the call on DB Realty?

DB Realty has been on a downtrend for the past few days and yesterday it dipped very sharply but today it has actually moved up. This kind of stock can give a movement on the upside but those moves have not sustained in the past. In February, after dipping to Rs 105, we saw a move taking it something to about Rs 152 the very next day and yet after that, the downtrend continued. So, I would suggest DB Realty has not really shown that it has the potential to suggest a concrete reversal of this downtrend. Positive signs would emerge only when you find the stock sustaining above Rs 125 for at least a week. Until then, any rally should be used to exit this counter. I would not be too enthused looking at DB Realty. Any price above Rs 100 is also an invitation to sell.