Key Points
"I see that the stock prices leave no room for comfort because now the pricing is going beyond the common man's reach," analyst Sanjiv Bhasin told ET Now..
He said this referring to the escalation in property prices notwithstanding a benign input cost.Agencies..
With skyscraping returns of nearly 180% over the last one year, stocks in the real estate sector have left little room for comfort, experts opine, as they cautioned investors against valuation outstretch and recommended toning down...
"All I am saying is be cautious of some of the valuation outstretch and when you get these big brokerage calls of absurd returns, I have a simple view having worked so many years with FIIs and others, when fools sell you should be buying, when fools buy you should be selling," the analyst said.. Feroze Azeez, Deputy CEO, of Anand Rathi Wealth said that people should exit out of real estate..
"...if you look at the allocations across different assets, people should exit out of real estate because they are not giving double-digit returns and they are not expected to," he told ET Now.. (You can now subscribe to our ETMarkets WhatsApp channel)..
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