Money on the markets

A maturing market amid the mayhem

Realty stocks end lower

November 19, 2010

It was not a great day for markets and real estate stocks especially, as the sectoral index slipped 3.84 percent.

Indiabulls Real Estate ended down 5.86 percent, followed by DB Realty which slipped 4.6 percent.

Top firms like Unitech and DLF also ended lower, losing 4.5 percent and 3.5 percent respectively. Real estate firm Unitech has a telecoms joint venture with Norway’s Telenor.

Would you take advantage of this fall and enter this sector? Or will you stay away?

Comments

Real Estate and Infrastructure stocks have underperformed the markets since rally started in March 2009.Infact,realty and travel/tourism industry bore the brunt of 2008/2009 economic meltdown.However travel industry seems now to be on a recovery path.

Realty industry is still beeping a mixed signal.Any further fall in stock prices would be a cause of concern.

Yes,enter realty stocks but as a hold up operation.There is no likely change in sector outlook.

Posted by Bovespa | Report as abusive
 

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