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Realty stocks jump, Phoenix Mills gains 6.4 pct

August 5, 2010

Thursday proved to be a good day for realty counters with many, including Unitech, posting decent gains.

The star performer in the index was Phoenix Mills, which gained 6.4 percent.

Unitech, one of India’s top listed real estate firms, rose 2.8 percent while rival DLF ended marginally in the green.

Today’s good run helped prop up the realty index which ended 1 percent up and was the top sectoral gainer.

The index, which has risen 8.3 percent since July, is still down more than 10 percent for the year till date.

The main BSE sensitive index today hit a fresh 30-month high during trade.

Seeing the recovery in this sector, would you invest in any realty counter at this stage?

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