Shares of real estate companies like DLF, Macrotech, and Oberoi Realty rallied up to 2% on Wednesday after it was reported that the Finance Minister will amend the long-term capital gains tax (LTCG) rules proposed in the Budget. Buying action was seen in almost all real estate stocks with the Nifty Realty index rallying around … Read more
Nifty Bank, which has been underperforming in the last few weeks, looks ready for a smart recovery in the short term. “Going forward, a move above 51,500 might induce a decent rally towards 52,500. On the lower end, support is placed at 51,000,” says Rupak De, Senior Technical Analyst, LKP Securities. Edited excerpts: How would … Read more
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
“You would find that among the largest or strongest growing markets for real estate in the past two years have been the greater MMR region, the Mumbai metropolitan region, particularly Thane. In the past, we used to see that real estate markets of Delhi, Bangalore would grow fast but particularly, we are seeing in the … Read more
Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore. The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago … 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
Technical analysts continue to maintain a cautious outlook on Nifty for the truncated trading week ahead. According to analysts, profit-taking may resume until the index decisively reclaims 22,200. Some of the stocks recommended by analysts for short-term trades include Apollo Hospitals, Eicher Motors, Hero Motocorp, Maruti, Bajaj Auto, Sun Pharma, Tata Motors, ABB, Cummins India, … Read more
The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more
Brokerage firm JPMorgan maintained an underweight rating on Tata Elxsi, Jefferies recommended a hold rating on Oberoi Realty, CLSA has an outperform rating on Hero MotoCorp and Morgan Stanley maintained an overweight rating on Axis Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Tata … 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
