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Godrej Properties best run business; cautious on Jubilant Food: Market expert Prakash Diwan

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“With the kind of announcements that have come through as part of the Aatmanirbhar 3.0, very clearly the government has established its linkage between real estate revival and employment generation,” said market expert Prakash Diwan in an interview with CNBC-TV18.

“With the kind of announcements that have come through as part of the Aatmanirbhar 3.0, very clearly the government has established its linkage between real estate revival and employment generation,” said market expert Prakash Diwan in an interview with CNBC-TV18.
“For me Godrej Properties stands out as one of the best run businesses which is very well-diversified not only in geographies but even in price points and stages of completion. So I won’t venture beyond that at this point of time,” he added.
On Jubilant Food, Diwan said, “They would have to continuously grow at this kind of a pace which has got a combination of revenge consumption and a little bit of Tina factor thrown in because pizza is one of the most hygienic or amenable to a take-away meal. So all that put together has brought it to this spot but I would be a bit cautious to buy at this level. If there are dips, market corrects, some sort of sell-off happens then you know what stocks to look at and this could feature in that consumption basket but at this point it would start getting a bit pricey to be comfortable.”
He believes Tata Steel will start featuring very prominently as one of the top picks in the steel sector.

Market Movers

CompanyPriceChange%Gain
Adani Ports731.05 36.70 5.29
NTPC118.00 4.45 3.92
Titan Company1,742.85 31.55 1.84
SBI419.75 6.85 1.66
HDFC Life718.75 9.55 1.35
CompanyPriceChange%Gain
NTPC117.95 4.40 3.87
Titan Company1,740.85 31.90 1.87
SBI419.55 6.75 1.64
HUL2,516.10 35.35 1.42
Bajaj Finserv12,154.40 156.40 1.30
CompanyPriceChange%Gain
Adani Ports731.05 36.70
NTPC118.00 4.45
Titan Company1,742.85 31.55
SBI419.75 6.85
HDFC Life718.75 9.55
CompanyPriceChange%Gain
NTPC117.95 4.40
Titan Company1,740.85 31.90
SBI419.55 6.75
HUL2,516.10 35.35
Bajaj Finserv12,154.40 156.40

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.10000.24000.32
Euro-Rupee88.35600.47300.54
Pound-Rupee103.22100.89600.88
Rupee-100 Yen0.67250.00230.34