Stocks News

Realty Index Outperforms – DLF and DB Realty among others, hit 52-week high

Indian Real Estate sector is ready to trade in green with high Sensex, as per the new market trend.

The Nifty jumps at 1.06% or has picked up at 152 points at 14433.30. Proportionately the Sensex also picked up at 1.08% at 49089.27 or is up with 525 points.

The real estate has been outperforming outstanding in this period. The reality sector had been a weak performer since past 5 years which has now pulled off socks.

Reporting a gain of 64% in net profit, shares of IndiaBulls Real Estate gained with 10% followed by DLF, Oberoi, Shobha and Prestige Estates.

The IndiaBull Real Estate is currently delivering a consolidated net profit of Rs 80.69 crore reflecting 4% increase in overall reality sector.

There has been a relief in the realty sector for certain regions. The Maharashtra government has already dropped the real estate premium by 50% making it a big-ticket for developers.

Many brokerage firms like Prabhudas Lilladher are showing interest towards the real estate sectors as per 2021 view.

Also, the residentials sales are expected to increase crossing the 2019 benchmarks in FY21. The prices are expected to increase even more by 10% in the upcoming two years.

The investors are getting inclined towards Godrej Properties, Oberoi Realty, Shobha and DLF believing it to be a good bet for 2021.

The global brokerage firms, like Jefferies, are also attracted towards picking up realty stocks with Godrej and DLF as topmost choices.

Keeping Godrej and DLF at top, the Jefferies has recently pushed up target estimates for all reality stocks. The stocks have already made a record of 52-week hit including DBL Realty and the DLF.

The new economic policies and reforms are expected to bring positive changes in this sector.

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