Realty Sector Weakness Overdone, Midcap Correction Presents Long-Term Opportunities

Sandip Sabharwal, a market expert, believes that the current pessimism around real estate stocks is misplaced. He suggests that the negativity surrounding the sector is excessive and that the ongoing correction is throwing up selective buying opportunities. Sabharwal recommends buying good real estate stocks like DLF, Godrej Properties, and Prestige at this stage. He also prefers large banks and select NBFCs, including ICICI Bank, Axis Bank, HDFC Bank, Mahindra Finance, L&T Finance, and Manappuram Finance.