Real estate space may see some upside, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "There are values in real estate space, but I don’t think that the liquidity, the cash flow can really get matched by these companies over the next six-eight months because the kind of liquidity crunch, which we have been hearing from the market because all these companies, whether you talk of the listed or unlisted one, have started borrowing money at 24% to 36% from the private circles and all that and there are definitely lull in the offtake, whether you talk of the Bombay market or you talk of the Ahmedabad."
He further added, "People are saying that in NCR region there has not been much drop, but I don’t think that is the case. But overall I am seeing the problem, going over next 6 to 12 months for these stocks and maybe these are just because shares have taken huge beating have corrected beyond their fundamental values. So we may see some upside, but maybe upside of 5% to 10% from here on would again start seeing profit booking in these and I won’t be taking a positive call on any of these stocks."