Money on the markets

A maturing market amid the mayhem

Realty stocks fall

November 12, 2010

It was a tough day for those who invest in real estate stocks as the BSE Realty index fell 4.76 percent on Friday, in a Mumbai market that fell more than 400 points.

Sobha Developers was worst hit in the sector, ending down 6 percent. Unitech shares fell 5.9 percent, while DLF slipped 5.46 percent.

Credit Suisse on Friday downgraded DLFto underperform from neutral, citing continued weak operating performance in the September quarter.

Will you take advantage of this fall and invest in this sector?

Comments

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Posted by midway | Report as abusive
 

Growth in realty business is dependent upon availability of cheap finance for builders and buyers.However,RBI is fearing an asset bubble in making and is insisting upon banks to do away with teaser loans and also raise risk provisioning.Prices have been rising rapidly owing to inflation and also as a result of need for profits of builders.A slackness in demand is likely.DLF can correct to R 290.Must wait.

Posted by Bovespa | Report as abusive
 

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