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?

Unitech shares jump more than 9 pct

Shares in Unitech, one of India’s leading real estate firms, rose 9.3 percent to close at 38.2 rupees, after a sell-off amid allegations that the firm was among those who were favoured in 2G licence grants in 2008.

On Tuesday, the CBI questioned Unitech’s MD as part of a probe into the alleged telecoms corruption scandal.

In 2011, shares in Unitech have slumped over 42 percent. Do you think it is the right time to invest in this counter?

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?

Realty stocks struggle, Unitech falls 10.6 pct

Shares in Unitech, one of India’s leading real estate firm, fell 10.6 percent on Tuesday to close at 43.05 rupees. The stock ended as the top loser in the BSE Realty Index.

Rival DLF shares ended 1.4 pct lower. DLF said it was cautious on the near-term outlook as rising interest rates could weigh on demand after the firm reported a marginal drop in quarterly earnings.

The BSE Realty Index lost more than 4 percent to end as the top sectoral loser.

Unitech shares have falled 35 percent in 2011. Do you think it is time to invest in this stock?

Real estate index rises

Stocks of real estate firms posted decent gains on Thursday, with HDIL standing out with a 9 percent jump.

The realty index closed 2.2 percent higher, topping the BSE sectoral indices table.

Top firms DLF and Unitech notched gains of 0.7 percent and 1.6 percent respectively.

The sectoral index has gained 12.4 percent this week. Do you think it is the right time to enter this sector?

Realty stocks end lower

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?

Realty stocks fall

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?

Realty stocks rise

The BSE Realty Index gained 2.7 percent on Friday and ended as the top sectoral gainer, with stocks such as DLF and Unitech posting smart gains.

DLF, India’s top listed firm, ended 5.2 percent higher at 365.65 rupees, while Unitech gained 3.14 percent. Sobha Developers topped the index with gains of 6.5 percent.

Only 4 stocks in the index closed in the red.

Would you invest in these stocks at their current levels?

The BSE Realty Index gained 2.7 percent on Friday and ended as the top sectoral gainer, with stocks such as DLF and Unitech posting smart gains.

DLF, India’s top listed firm, ended 5.2 percent higher at 365.65 rupees, while Unitech gained 3.14 percent. Sobha Developers topped the index with gains of 6.5 percent.

Only 4 stocks in the index closed in the red.

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?

Realty stocks gain in strong Mumbai market

The BSE Realty Index gained 2.5 percent on Monday, with Unitech and DLF posting good gains in a broader market that closed over 400 points up on strong factory data and global cues.

Unitech was the top gainer in the index, rising 3.5 percent to 84.8 rupees, followed by DLF which gained 3.4 percent.

Other prominent gainers were DB Realty and Indiabulls Real Estate which climbed 2.7 percent and 2 percent respectively. Two stocks in the index ended in the red.

The RBI reviews its monetary policy later this week. Do you think it is the right time to invest in this sector?