Brokerage firm Goldman Sachs maintained a neutral rating on TVS Motor, Jefferies maintained a hold on IOC, Morgan Stanley recommended an Equal Weight rating on IOC, Jefferies has a buy rating on DLF and ICICI Securities downgraded Indus Towers.
The Indian residential estate market recovered sharply in 2023 due to various factors, such as a pause in rate hikes, a drop in key building material prices, increased buyer interest, and rising rental costs.
DLF stock has doubled investors money in the last year, surging around 104 percent. In comparison, benchmark Nifty has rallied 20 percent during this period.