Wait for markets to settle down before picking real esate stocks: JV Capital

ET Now Fundamental Check with Ashit Suri, Fundamental Research Analyst, JV Capital Services.

What would you take out of the real estate pack now with the recent deals that Lodha has actually taken upon itself? 4000 crores is what they paid to develop 25000 square metres in Wadala and that has obviously sent shock waves across but we are seeing a little bit of a momentum boost-up for the smaller real estate counters. What do you see for them going forward?

Most of these counters have been punished heavily during the downturn and they are totally out of favour as of now. After this 10% fall, there are a lot of stocks all over but especially in the mid-cap and small cap space, which have corrected by close to around 25-30% already and some of these companies spread across different spaces have been performing extremely well and they posted extremely good numbers, very attractive on the valuation front also, so my advice would be if one is to trade, trade on a daily basis, that too you have good amount of discipline and nimbleness but otherwise it is still time to pan out and wait for markets to settle down a bit before you can take long-term calls on stocks in this space because currently as the things stand, I do not expect any of these stocks to really outperform in this scenario and I would advise a wait and watch situation for a couple of more days or weeks before venturing into this space.