Sunday, June 15, 2008

Real estate shares likely to fall 10-15 per cent more even from their current lows

Real estate shares are best avoided as they are likely to fall 10-15 per cent more even from their current lows.

The real estate sector is a high beta space, and most realty shares hit new 52-week lows this week in line with the fall in the broader market.

"DLF could actually come down around Rs 100 from current levels. So it is not an advisable time to enter the realty sector yet," says Neppolian Pillai, head-institutional equity, Modern Shares and Stock Brokers.
Choppy times ahead with a downward bias

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