“Godrej Properties, Indiabulls Real Estate, DLF, and Sobha look strong on daily, weekly, and monthly time frames for an upside of 10-15% in the near term,” said Taparia.
Top real estate stocks such as DLF, Godrej Properties, Oberoi Realty, Macrotech Developers and Sunteck Realty have rallied between 8% and 20% since July 1 compared to a tepid Nifty.
Real estate stocks have been underperformers in recent years as the sector has been plagued by falling demand, unaffordability and high debt. Since January 1, 2018, the Nifty Realty index rose 10% compared to the 51% return in the Nifty index.
Money managers say the sector is in the process of revival due to weaker prices and record-low interest rates. Organised large developers would benefit the most.
Real Estate - 1QFY22 Results Preview Report - HDFC Securities
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Benchmarks turn rangebound; Asian shares edge higher
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.