Mint: FIIs, MFs follow Rakesh Jhunjhunwala. Raises stake in this housing finance stock.
1. Realty sector has completed multiyear correction and started a multiyear breakout since Jan 2021. However one has to be careful in selecting stocks worth investing and some of the companies are still embroiled in old ways and legacy issue with lot of debt. Agile companies with minimum debt are going to make the most of the upcoming boom.
2. Housing fin companies fortunes are linked to direction of the sector. Indiabulls HSG fin is one of the prominent companies available at reasonable valuation and can prove to become a large cap multibagger in the sector.