Unitech is a good pick: Ashish Kapur

In a chat with ET Now, Ashish Kapur, CEO, Invest Shoppe India Ltd., talked about real estate stocks.

Would you take a bet on any of these real estate stocks?

I think the stock which we like in this is Unitech. There is a clear upside here because they are proposed to diverse their infrastructure business into a separate company. I think that should happen by the close to the year end that would be a clear upside because the valuation of both the companies once they are listed separately will be significantly more than the current valuation of Unitech. So that is one stock which we continue to like and there is significant room on the upside even from these levels. Apart from Unitech, DLF we were little disappointed with the numbers but on the way down one can even look at buying DLF. In the real estate pack it is best to remain with the majors DLF, Unitech and HDIL and between them like I mentioned Unitech is our top pick.