Would avoid the real estate segment: Prakash Diwan, Networth Stock Broking

Prakash Diwan, Head - Institutional Business, Networth Stock Broking, in a chat with ET Now talks about real estae space.

Anant Raj Industries, Omaxe have done very well in trade today. Couple of others - the pseudo housing plays - are also doing very well. Do you like anything here or would you book profits after the run up?

I would actually avoid the segment in terms of any fresh build up. The reason they have done a bit well today and in the last few sessions is that these are companies which are not holding huge inventories and they have been able to book a fairly decent sales. As a percentile of their holding stock inventory, the sales have been pretty decent as compared to the bigger players like DLF or Orbit. So that is where the upside is. I would book profits, wait for the right opportunity to buy into some of the larger cap realty stocks later on.