Analyst fears further downside for DLF and Indiabulls Real
Analysts have expressed their fear that DLF and Indiabulls Real may see further downside. Sudarshan Sukhani, a trade analyst, states that further breakdown is possible in case of both real estate majors.
As told to CNBC-TV18, Sukhani suggested that both the companies are on the verge of possible downfall depending on where the Nifty stops.
This may trigger suspicion of further downhill journey for real estate sector which is riding a low tide.
To read more real estate news:
Spat between BBMP and RWA sprouts up
DLF set to sell Mumbai NTC land to Lodha
Source: moneycontrol.com
Tags:
CNBC-TV18, DLF Group, Indiabulls Real Estate Ltd, Indian real estate, Real estate in India, Real Estate Sector, trade analyst
[...] Analyst fears further downside for DLF and Indiabulls Real [...]
[...] Analyst fears further downside for DLF and Indiabulls Real [...]