Would not like to add real estate stocks: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET Now, gives his stock recommendation


What are your views on real estate stocks?

Let’s take Sobha for example. Sobha Developers will face a short term resistance at Rs 260 levels. Unless it crosses over, it will basically see some profit sales. DLF I wrote deeply out of money call expecting the upsides to be calibrated although short term momentum exists. These are not rallies when you can really the bet the ranch on because these stocks have a huge amount of overhead supply and the upsides are likely to terminate without any kind of a warning in case the markets decide to go down. Taking a punt on them with an intraday stop loss is all fine but taking delivery and adding them to your portfolio is danger. I would not like to add real estate in my portfolio.