Indian real estate stocks bore the brunt of Monday’s market crash, as investors are concerned that a potential economic slowdown in the United States could reduce demand for real estate, causing a decline in property prices and rentals. A slowdown in the US economy could lead to reduced capital flows […]
Real estate stocks
The stars are gradually aligning for Mumbai-focused Oberoi Realty Ltd. Pre-sales or booking traction in its ultra-luxury project Three Sixty West in Worli is improving, bringing some comfort amid high levels of unsold inventory. In the June quarter (Q1FY25), Oberoi’s pre-sales rose 124% year-on-year to around ₹1,070 crore driven by […]
After an over 250 percent returns in the last 1 year, domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a ‘sell’ call. The brokerage has a target price of ₹1,714 for the stock, implying a potential downside of over 15 percent. “Sobha’s residential segment […]
Investing in the stock market has long been recognised as a pathway to potential wealth creation. One of the fundamental principles of investing in the stock market is the importance of time. The ability to identify and hold onto promising stocks over an extended period of time can yield significant […]
In the past eight trading sessions alone, the Nifty Realty index surged by 15%. Today, it reached a new peak of 1,134 points. Year-to-date, the index has already risen by 44%. Notably, all 10 constituents of the index have gained between 20% and 121% during this period. Also Read: Budget […]
Even some of the most out-of-favor US stocks are being swept up in the latest rally, with the surprisingly cool inflation report rekindling speculation that rate cuts are coming this year. Real estate stocks — dragged down as the higher-for-longer monetary policy storyline took hold — are still the S&P […]
Investor confidence remained high following the company’s strong performance in Q4 and FY24, which was released during Wednesday’s trading hours. The company reported record quarterly and annual profit driven by robust sales and operational excellence. In Q4FY24, the company reported a consolidated revenue of ₹1,558.56 crore, up from ₹1,082.85 crore […]
The company achieved its highest-ever quarterly sales for the third consecutive quarter in Q4FY24, with a booking value of ₹9,519 crore, reflecting a remarkable year-on-year growth of 135%. This exceptional performance was driven by the sale of 8.17 million sq. ft of area. Notably, this marks the highest-ever quarterly sales […]