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Property stocks - Unitech Ltd, Ansal Properties and Infrastructure Housing, DS Kulkarni, Mahindra Gesco etc - were in the limelight once again in a buoyant market.

Dealers maintain that the run up at these counters was largely in anticipation of DLF's initial public offering, which is expected aroundJuly 10-15.

Many believe that post listing of DLF would bring about more clarity on the fate of other property stocks.

However, experts are of the view that property stocks have been undervalued.

Their perception is that these stocks will have huge long-term value unlocking, DLF issue or no.

Unitech Ltd closed at Rs 9996.65 on the BSE, Ansal Properties ended at Rs 419.05, D S Kulkarni at Rs 192.65 (all gaining five per cent), while Mahindra Gesco ended the day up 6.54 per cent at Rs 589.70.

Deeptha Rajkumar

More Stories on : Stocks | Real Estate & Construction | Ear to the ground

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