Stay away from mid-cap realty companies: Siddharth Sedani
Siddharth Sedani, AVP (portfolio management service), Microsec Capital, says that midcap realty players like Kolte-Patil and Prestige Estates all suffer from high debt and execution delays. He recommends DLF, HDIL and Godrej Properties from the real estate pack. V. Sundar Raja, technical analyst and columnist, www.sundartrends.in, says that investors should avoid SCI. He recommends a “sell of rise” strategy on this counter, with a stop loss of 49, and a target of 65.
