Realty stocks jumped up to 7.2% on Friday after the rate-setting committee of the Reserve Bank of India (RBI) left the repo rate unchanged for the seventh time in a row. Mahindra Lifespace Developers gained the most in the Nifty Realty index. The other top gainers were Godrej Properties, Oberoi Realty, DLF, Brigade Enterprises, Macrotech … Read more
Shares of rate-sensitive sectors like banking, finance, auto, and real estate fell as much as 8% after the Reserve Bank of India’s (RBI) policy decision. The RBI on Thursday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the sixth consecutive time the central bank has … Read more
Shares of Sobha jumped 4% to the day’s high of 688 on the NSE in Thursday’s trade after the real estate company said that it recorded its highest-ever sales of Rs 1,724 crore for the quarter ended September 30, 2023. The sales surged 48% year-on-year (YoY), the company said in its filing to the exchanges. … Read more
Shares of realty developer Macrotech Developers (Lodha) surged 43% in the past week as property registrations remained buoyant in Mumbai and Maharashtra in February. Despite the recent rally, the stock has lost nearly 10% on a year-to-date basis. February housing unit registrations in Mumbai were down 7% year-on-year (YoY) but rose 8% month-on-month (MoM) despite … Read more
Sobha, part of the realty sector, has fallen by over 35 per cent from its January 2022 high but recent price action suggests that the stock is showing signs of a rebound. The realty stock hit a 52-week high of Rs 1045 on 19 January 2022 but then the trend went sideways. It took support … Read more
Mumbai: Shares of realty companies have been among the top performers in the recent bull cycle but with interest rates firming up of late, investors must be choosier about their picks in the sector. Analysts prefer leading property developers such as (Lodha), DLF, and at this juncture. The BSE Realty index is down 31% from … Read more
MUMBAI: In what would have been impossible 18 months ago, DLF today saw its market capitalization soar past the Rs 1 lakh crore mark for a first in several years signalling the return of the realty sector’s glory days. The country’s largest real estate developer soared over 9 per cent as the maniacal buying in … Read more
NEW DELHI: Realty stocks were on a roll on Thursday amid reports of higher expected property registrations in September and the stamp duty cut in Karnataka. Shares zoomed as much as 17 per cent during the session. A fresh round of rate cuts on home loans by mortgage lender HDFC and top lenders like Kotak … Read more
MUMBAI: It is not often that Indian shareholders triumph over the mighty promoters. While many might see Zee Entertainment Enterprises’ announcement of a merger with Sony India as a win for the beleaguered Puneet Goenka, it is truly a victory for shareholder activism. Invesco Oppenheimer, the largest shareholder in the broadcast company, wanted Goenka, MD … Read more