DLF at Sunteck Realty – experts recommend buying these real estate shares

0
23

[ad_1]

Stocks to buy today: Taking into account the record high trading of Indian indices, stock market experts recommended that investors support trading in stocks and maximize their profits in this rally. They said to look for quality stocks that are available at a discounted price. Experts were of the opinion that real estate stocks were hit hard by the Covid selloff. Thus, investors looking to buy stocks today for the long term can look at real estate stocks such as Suntech Realty, DLF, Brigade Enterprises and Prestige Estate.

On why to buy real estate stocks, Paras Botra, President of Market Research at Ashika Group, said: “The real estate sector has undergone changes over the past seven years and the implementation of RERA has played an important role in consolidating the sector in favor of organized players. Further work related to home culture and the demand for their own or larger homes has accelerated demand, which has remained sluggish for many years. In addition, soft rates on home loans, lower real estate prices, preferential stamp duty rates in some states and various free services provided by developers have also worked in favor of increasing demand for real estate. In addition, construction work continued even during the recent blockages, and demand is likely to return when economic activity normalizes. “

Speaking about the outlook for the Nifty Real Index, Sandeep Porval, Technical and Derivative Analyst – Institutional Desk at Ashika Group, said: “The ten-year sideways breakout suggests the Nifty Real Index, which should end a phase of poor performance on both a relative and an absolute basis. The break at 350 for the real estate index bodes well for a resumption of the uptrend with an initial target of 408. “

Asked about real estate stocks worth buying today, Ashika Group’s Sandeep Porval said: “You can buy shares in Suntech Realty, Brigade Enterprises and Prestige Estate. Suntech Realty shares can be purchased at the current market price ( 300.60 in NSE) for the purpose 350 maintaining stop loss at 280. “

Speaking about Brigade Enterprises shares, Sandip Porval said that it is possible to buy a real estate counter at the current market price for a target 320. However, he advised investors to maintain a strict stop loss at 257.

By inviting traders to look at DLF stocks as potential tradable stocks today, Sandeep Matta, founder of TRADEIT Investment Advisor, said: “DLF will provide a breakthrough after overcoming an immediate obstacle in 300. So, it is recommended to buy DLF above. 300 for immediate target 325 maintaining a stop loss at 285. “

Speaking about Prestige Estate shares, Sandeep Porval of Ashika Group said: “You can buy Prestige Estate shares at the current market price for the purpose of 325. But you need to maintain the stop loss at 280, occupying a buy position at the real estate counter. “

Subscribe to Mint newsletters

* Please enter a valid email address

* Thank you for subscribing to the newsletter.

Never miss a story! Stay connected and updated with Mint.
Download
our app now !!

[ad_2]

Source link