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Realty stocks gain in weak market

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Realty counters posted decent gains in Friday trade, pushing the realty index up 1.8 percent in a weak Mumbai market that closed 53 points lower.

Sobha Developers topped the index with gains of 4 percent, followed by DLF, India’s top listed realty firm, which closed 3.55 percent up. Unitech shares ended 1.5 percent higher.

DLF recently reported quarterly net profit rose 3.8 percent helped by a revival in demand, while Unitech said consolidated Apr-June net was up 14 percent.

The realty index has gained 15.6 percent since July, with stocks like Unitech and DLF rising 14.1 percent and 15.4 percent respectively.

Realty stocks jump, Phoenix Mills gains 6.4 pct

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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.

Realty Index gains

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INDIAThe 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.

Realty stocks tumble as markets slide

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

Realty stocks tumble as markets slideUnitech, 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.

Unitech rises

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INDIA-STOCKS/
Shares in Unitech, India’s second-largest listed real estate firm rose on Wednesday after it announced the demerger of its infrastructure operations, including the telecom business, into a new entity to unlock the value of none-core businesses.

The stock ended 2.4 percent higher at 85.55 rupees and was among the top traded stocks of the day with volumes of over 15 million shares.

Weak day for realty counters

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Realty stocks ended the week on a negative note with the sectoral index slipping 0.8 percent to end as the top loser among sectors.

Sobha Developers led the fall with a 3.4 percent decline, followed by Peninsula Land which fell 2 percent.

Realty index drops over 2 percent

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Realty stocks fared poorly on Tuesday with the sectoral index slipping nearly 2.5 percent in an overall market that dropped nearly 200 points.

Anant Raj Industries ended as the top sectoral loser with losses of over 5 percent. Unitech followed closely with a drop of 4.3 percent. Shares in DLF, India’s top listed realty firm shed 2 percent.

Realty index ends as top sectoral loser

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Weakness in realty stocks on Tuesday sent the BSE Realty Index down 1.75 percent and to the top of the list of sectoral losers.

Top listed realty firms Unitech and DLF posted losses of 2.9 percent and 1.8 percent respectively. Sobha Developers, which dropped 3.8 percent, was the top loser in the index.

Realty stocks surge in weak market

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Realty stocks closed the week on a positive note even as the market ended in the red. The BSE Realty Index gained over 3 percent in trade and was the top sectoral performer.

All shares in the index, except Phoenix Mills, ended positive with Peninsula Land gaining nearly 10 percent.

Realty stocks struggle

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Realty stocks struggled in trade on Monday as the market ended weak after slipping over 100 points.

The BSE Realty index shed 1.2 percent, with leading firms Unitech and DLF losing over 2 percent each. The two led the list of losers.

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