Jun 15, 2007

Stock Review ... 15/06/07

As you all know, unitech had reached target 1 and was very near to
achieveing its target 2.

But then 2 mega public offers sucked out more than 10,000 crores from
secondary markets.
And people are consolidating their realty portion of portfolio as they will
be adding DLF to it.
Hence we saw most of all the realty stocks getting beaten down in the last 2

However, after the speculation of DLF being little expensive as compared to
its peers, and chances of not getting excellent listing gains, made a cause
for other realty stocks to come back with a bang, as people re invested
their money by not subscribing to the DLF issue to its full capacity and
potential. Today total real estate pack was up.

I will still recommend,

*Accumulate unitech* - between 500-550 with the targets given previously
Long term bullish on this counter.

*Buy / average / accumulate parsvnath developers - *one of the undervalued
stocks with a good uptrend in long term. bullish in long term on this

Around DLF listing, that is 15-20 days from now, some of the counters that
can show some momentum would be

Sobha developers
Jai corporation
Ansal Properties and Infrastructure.

Stock Analyst : Sagar Morabia
Email : sagar.morabia@gmail.com


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