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Its profit after tax stood at Rs 360.15 crore in Q3 FY24 as against Rs 702.57 crore it registered in the corresponding quarter of the previous fiscal. ....
While they made a comeback when the Covid rally took place in 2020, multiple factors have kept the focus on the real estate stocks for the last more than two years. Excess inventory, over-leveraged balance sheets, issues of corporate governance, and weak demand were some of the factors that plagued the sector. Right from change in laws, competition weeding out of weak players, increase in demand taking care of excess inventory, new projects getting lapped at a higher price. A bigger one is that savings are once again shifting toward real estate as an asset class. ....
Stocks to watch today: The recent dip in the market indicates a healthy correction. Hero MotoCorp, Maruti Suzuki, Piramal Enterprises, Adani Green Energy, PowerGrid, IndiGo among stocks in focus ....