A higher Budget outlay for Pradhan Mantri Awas Yojana (PMAY), re-introduction of 100% tax holidays on construction of affordable houses and increasing the interest deduction limit on home loans are some of the demands of the real estate industry from the government in this year’s budget. A slew of favourable announcements in this sector could … Read more
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
Mumbai: Real estate stocks were among the top performers on Thursday as the bullish momentum in the sector drove the share prices of many of them to record levels. The Nifty Realty index soared 6.76% – its largest single-day jump since September 2021 – to its highest closing in 15 years as against the Nifty’s … 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
The family of IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday. Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday’s close. Through the … Read more
NEW DELHI: Domestic brokerage firm Kotak Institutional Equities has reduced stake in four IT stocks – , TCS, and – and picked speciality chemical stock SRF in its model portfolio. “We include SRF (150 bps) bps) in the portfolio. SRF stock is trading at 25.2X FY2024E EPS and its valuations have become more reasonable after … Read more
“As a fund manager we will have to try and see that what are the sectors that are likely to do well in the near term as well as over a longer period of time and try to a strike a balance between the two when we are looking at investing into the markets,” says … Read more
Overseas investors are stepping up their purchases of Indian stocks and the sentiment on Dalal Steet has seen further improvement. ET has compiled a list of stock recommendations by analysts at brokerages. Based on the price targets by these brokerages, the stocks could return between 14% and 41%. Brokerage: Credit Suisse Target Price: Rs 720 … 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
“Auto ancillary stock called Sona BLW is a stock that looks good to me. The company has been doing very well and will continue to do well. Hopefully its June quarter number should also come well,” says Kunj Bansal, Founder, Investment-illiteracy.com. Overall given that the texture of the market has changed and there is a … Read more