Housing and Real Estate Company Peninsula Land can be bought today for intra-day trading. The stock is even looking good for short term as the fundamental are looking good. After the current breakout, the stock can see levels of Rs 155 very soon.

For intraday, the target for the stock is 152. The stock closed on Thursday at 141.85 on National Stock Exchange.  Short term investors can hold the stock if the market remains stable. For short term, the stop loss for Peninsula Land is 133. The trading volumes for the stock have also picked up.

At current P/E of 24.43, the stock looks attractive in real estate segment among midcap stocks. Other stocks from real estate sector like Ansal Properties, Ganesh Housing, DS Kulkarni are also performing nicely.

Real Estate majors like DLF and Omaxe have been doing really well in past couple of months. Omaxe touched its 52-week high on Thursday. These large cap companies have been announcing many mega deals, which will help the stocks to remain strong over next quarter.