Money on the markets

A maturing market amid the mayhem

Realty stocks weak in firm mkt

By Aditya Kalra
February 17, 2010
aditya kalra | BSE Sensex | Realty index | Stocks

INDIA

Realty stocks had a weak trading day on Wednesday with the sectoral index slipping 1 percent, even as the Sensex gained over 200 points tracking positive global cues.

Indiabulls Real Estate slipped 3.3 percent and was the top sectoral loser, while DLF and Unitech lost 1.3 percent and 0.7 percent respectively.

Shares in Anant Raj Industries gained 2.8 percent, making it the top gainer in the realty index.

A recent newspaper report quoting CLSA said the time was ripe to build exposure to real estate stocks, post the Reserve Bank of India’s step to take away money from banks and a lesser-than-expected rush to raise money from the primary market.

The index has fallen 3.7 percent this month. Do you think this is the right time to invest in these counters?

«
»

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •