Money on the markets

Real estate companies end higher

Shares of real estate companies closed higher on Thursday as investors started accumulating some sector-specific beaten down stocks.

Property developer Unitech posted its best single-day gain in nearly 16 months, rallying 9.6 percent after JPMorgan upgraded the beaten down stock to “overweight” from “neutral”, citing cheap valuations, reasonable gearing, comfortable liquidity and high embedded land value.

The stock is still down nearly 39 percent this year.

The BSE Realty index was up 2.8 percent on Thursday, outperforming the benchmark index, which was up 0.8 percent.

Shares of Sobha Developers, Indiabulls Real Estate, Orbit Corp and Parsvnath Developers were up between 4 and 6 percent on Thursday.

Do you think it is the right time to invest in the sector which has dropped over 20 percent so far this year?

BSE Realty Index slips 3 pct; Unitech down 7 pct

The BSE Realty index ended lower on Tuesday on concerns of increasing interest rates and as rising input costs weighed on investors.

Analysts said with foreign funds pulling out more than $1 billion from Indian equities since the start of January, the outlook for the near term remained subdued. The BSE Realty index was down 3 percent, underperforming the benchmark index, which was down 1.5 percent. Shares of DLF, Unitech, Indiabulls Real Estate and Sobha Developers were down between 1 and 7 percent. The Realty index has slipped over 20 percent in 2011. Do you see a further downside in real estate shares?

BSE realty index rises

The BSE Realty Index pared early losses and closed 5.6 percent higher in a volatile Tuesday session.

Government data showed infrastructure sector output grew 7.0 percent in October from a year earlier, faster than an upwardly revised annual growth of 2.7 percent in September.

Orbit Corp, Indiabulls Real Estate and DLF were among the top gainers in the realty index, rising 13.9 percent, 8.4 percent and 7 percent respectively.

Do you think the atmosphere is conducive for investment in this sector?

Shares in real estate firms drop

Shares of real estate developers came under pressure on Thursday following the arrest of top public sector bankers the previous evening on corruption charges.

The CBI on Wednesday arrested five officials from state-run listed companies, including the chief executive of LIC Housing Finance, for taking bribes to facilitate large corporate loans.

The BSE Realty Index closed 5.4 pct down, with DB Realty, HDIL and Unitech dropping 10 pct, 9.7 pct and 6 pct respectively.

The realty sector has been underperforming since the Reserve Bank of India raised rates earlier this month, and the graft scandal has further dampened sentiments.

Do you think it is the right time to invest in this sector?

BSE Realty Index gains

The BSE Realty Index closed 1.2 percent higher on Thursday while the broader market remained volatile and closed 0.4 percent lower at 19417.

Shares that boosted the sectoral index were DLF (up 2.6 percent), Unitech (up 1.5 percent) and Ansal Properties (up 2.1 percent). However, Omaxe dropped over 2 percent.

On Wednesday, a top LIC official had highlighted that India’s focus on infrastructure investment would help drive growth in its stock market.

With the RBI increasing policy rates today, do you think the likely increase in loan rates by banks will pinch demand and bring down infra stocks?

BSE Realty Index gains

The BSE Realty Index ended 2.9 percent higher on Wednesday in a broader market that gained over 200 points on positive economic data.

Shares in top realty firms Unitech and DLF ended 3.2 and 2.5 percent higher respectively.

Other firms which pushed the index up were Sobha Developers (up 5.3 percent), Indiabulls Real Estate (up 3.7 percent) and HDIL (up 2.7 percent).

The realty index has disappointed so far this year, registering a negative return of over 10 percent, while shares like DLF and Unitech have a negative return of over 14 percent and 2 percent respectively.

Do you think it is the right time to invest in realty stocks?

Realty Index gains

The BSE Realty Index ended higher in a lackluster market as weak global cues continued to dampen sentiments at higher levels.

Some buying was seen in realty stocks and the sector remained the top performer among BSE sectoral indices.

Unitech (up 2.3 pct), Sobha Developers (up 3 pct) and DLF (up 2 pct) were among the leaders in the BSE Realty Index. Unitech was also among the top traded stocks on the BSE with volumes of 5.3 million shares.

The sector has dropped over 11 percent so far this year. Do you think it is the right time to invest in realty stocks?

Realty stocks tumble as markets slide

The BSE Realty Index ended down nearly 4 percent on Wednesday, with all index components closing in the red.

Unitech, one of India’s leading realty firms, dropped 6 percent and ended as the top loser in the index. Rival DLF fell 3.6 pct.

Wednesday saw the benchmark Sensex fall sharply and close at its 2-1/2-month low, tracking global markets.

Other top losers in the realty sector were HDIL, which slipped 4.7 percent, and Indiabulls Real Estate which ended down 4.6 percent.

Would you buy these counters at this stage?

Realty Index slips, Unitech down 4.9 pct

The BSE Realty Index ended 4.3 percent lower while the broader Index ended 1.2 percent down on Friday leading to the worst weekly fall in six months.

Stocks which declined include Sobha Developers which ended 6.2 percent down, DLF 4.4 percent, HDIL 5.1 percent and Unitech which slipped 4.9 percent.

DLF and rival Unitech have fallen 21 percent and 10 percent respectively for the year while Indiabulls Real Estate declined over 30 percent.

The realty index dropped over 18 percent so far this Year. Do you think it is the right time to invest in realty stocks?

Bad day for realty stocks

The BSE realty index ended 3.5 percent lower while the broader index dropped 1.7 percent to 17,380 points.

Some of the other losers were Indiabulls Real Estate, which dropped 6.3 percent, Unitech which ended 3.9 percent lower, and HDIL which slipped 3.7 percent.

The Realty Index has dropped over 12 percent so far this year. Do you see a further decline in realty stocks?