Superstar of 2022: Vikas Sethi picks this real estate stock for stellar return in 12 months

In conversation with Zee Business Managing Editor Anil Singhvi on Tuesday, Vikas Sethi of Sethi Finmart suggested a stock that should be included in an investor's portfolio for good returns.

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Sethi was speaking on Zee Business special show '2022 ke Superstar'. The show has been designed to help investors build a strong portfolio going forward in the next year. These stocks are picked by well-known market experts, who identify the shares based on their fundamental and potential to garner maximum return for investors.  

In this special show on Tuesday, Vikas Sethi picked Indiabulls Real Estate. Picking this share, Sethi said it is one of his favourite stocks. "It is a very strong company in its space and with the kind of focus on this sector, it is poised to do well. Home loan interest rate at decade lowest of around 6.5% per annum, and several state governments have taken initiative to revive this sector will also aid this share," said Vikas Sethi.  

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Besides, the Q2 results posted by real estate companies were also encouraging that will also give fillip to this sector, said Sethi.  

The company is also likely to see re-rating after merger of Indiabulls Real Estate with Embassy group. The merger process may take final shape this month only. This merger will take Embassy group's stake in the real estate firm to 44.9%. Once the merger is done, there is very good chance that company will be re-rated," he said.  

Vikas Sethi said one can buy this share for a target of Rs 250 in 12 months. Shares of Indiabulls Real Estate were trading with minor correction of 0.68% at Rs 175.80 per share on the NSE at 3.20 pm on Wednesday.