Sebi bar order on DLF, K P Singh to slash share price 7-10%: Vivek Gupta

Updated: Oct 14 2014, 00:36am hrs
DLFThis will impact entire realty sector and stock negatively. Reuters
This will impact entire realty sector and stock negatively. Big giants like HDIL, IBREALEST & UNITECH may continue southward journey. Investors should to stay away from these sectors as of now

Suggested target stock price- It's a bit difficult to say how big the correction would be, but we are expecting at least 7%-10% downside in stock.

While on daily chart DLF has a strong support of Rs 120, one can expect deep correction if it break the major support of Rs 120.

By Vivek Gupta, CMT Director Research, CapitalVia Global Research Limited.