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Economic Times
3 days ago
- Business
- Economic Times
Stock market update: Nifty Realty index advances 0.02% in an upbeat market
NEW DELHI: The Nifty Realty index traded positive around 11:13AM(IST)on Monday in an upbeat market. ADVERTISEMENT Raymond Ltd.(up 2.37 per cent), Godrej Properties Ltd.(up 0.72 per cent), DLF Ltd.(up 0.45 per cent) and Phoenix Mills Ltd.(up 0.14 per cent) were among the top gainers. Brigade Enterprises Ltd.(down 1.22 per cent), Sobha Ltd.(down 0.87 per cent), Lodha Developers Ltd.(down 0.43 per cent), Anant Raj Ltd.(down 0.25 per cent) and Prestige Estates Projects Ltd.(down 0.24 per cent) were the top losers on the index. The Nifty Realty index was up 0.02 per cent at 1000.1 at the time of writing this report. Benchmark NSE Nifty50 index was up 101.6 points at 25070.0, while the BSE Sensex was up 388.23 points at 82145.96. Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. ADVERTISEMENT Shares of Vodafone Idea, YES Bank, JP Power, PC Jeweller and Ola Electric Mobilit were among the most traded shares on the NSE. Shares of Bluspring Enterprises Ltd., Gallantt Metal, Paradeep Phosphates, Digitide Solutions Ltd. and Soma Textiles hit their fresh 52-week highs in today's trade, while Reliance Comm, LCC Infotech, Smartworks Coworking, Supreme Engineering and Marshall Machines hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Stock market update: Nifty Realty index advances 0.02% in an upbeat market
NEW DELHI: The Nifty Realty index traded positive around 11:13AM(IST)on Monday in an upbeat market. Raymond Ltd.(up 2.37 per cent), Godrej Properties Ltd .(up 0.72 per cent), DLF Ltd.(up 0.45 per cent) and Phoenix Mills Ltd .(up 0.14 per cent) were among the top gainers. Explore courses from Top Institutes in Select a Course Category Degree Data Science CXO others Project Management Cybersecurity healthcare Public Policy Operations Management Finance MCA Healthcare Design Thinking Leadership MBA Data Science PGDM Management Artificial Intelligence Data Analytics Others Digital Marketing Product Management Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details Brigade Enterprises Ltd .(down 1.22 per cent), Sobha Ltd.(down 0.87 per cent), Lodha Developers Ltd.(down 0.43 per cent), Anant Raj Ltd .(down 0.25 per cent) and Prestige Estates Projects Ltd .(down 0.24 per cent) were the top losers on the index. The Nifty Realty index was up 0.02 per cent at 1000.1 at the time of writing this report. Benchmark NSE Nifty50 index was up 101.6 points at 25070.0, while the BSE Sensex was up 388.23 points at 82145.96. Live Events Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. Shares of Vodafone Idea, YES Bank, JP Power, PC Jeweller and Ola Electric Mobilit were among the most traded shares on the NSE. Shares of Bluspring Enterprises Ltd., Gallantt Metal , Paradeep Phosphates , Digitide Solutions Ltd. and Soma Textiles hit their fresh 52-week highs in today's trade, while Reliance Comm , LCC Infotech, Smartworks Coworking , Supreme Engineering and Marshall Machines hit fresh 52-week lows in trade.
The Hindu
6 days ago
- Business
- The Hindu
DLF forays into Mumbai with premium housing project
DLF Ltd., India's largest real estate company in terms of market cap, on Thursday announced its entry into Mumbai with the unveiling of a residential real estate project in the premium segment in Andheri west, a Mumbai suburb. Called The Westpark, the project spanning 5.18 acres is part of a larger 10-acre master plan and will come through a joint venture with a local partner. DLF holds 51% interest in the development. In this project, apartments are being offered at an average price of ₹42,500 per sq. ft. 'We are getting the DLF legacy of lifestyle and amenities into Mumbai. We will keep sustainability at the core,' said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd. 'We are taking Mumbai very seriously. We want to take the project off the ground first before starting any new project. Mumbai and Delhi will be two of our most important markets,' he said. In 2008, DLF had acquired NTC land in Mumbai through an auction process but did not construct any project. Later it sold the land to Lodha Group at a premium. Now, in its Mumbai foray, DLF is targeting businessmen, professionals and people working in the film industry. Over one year, the company is expecting to have sales worth ₹5,000 crore. In the first phase, the company offers four towers, each rising 37 storeys offering a total of 416 residences. The project is coming up on a land parcel that once housed slum dwellers. The project, to be completed in four years, will offer a mix of 3 and 4 BHK residences ranging from 1,125 to 2,500 sq. ft., along with a limited number of exclusive penthouses. Mr. Ohri said the project would be known for its landscaped gardens and various amenities it would offer. 'We will make a difference in this locality and other developers will have to match our standards,' he said.
Economic Times
16-07-2025
- Business
- Economic Times
Luxury development boom stokes jump in Indian real estate shares
A rally in India's real estate stocks is gaining momentum, driven by optimism that robust residential pre-sales and a boom in luxury housing projects will bolster investor confidence. ADVERTISEMENT A gauge of local property shares have surged more than 25% from an April low, putting the sector on track to outperform the benchmark Nifty 50 Index for a fifth straight month in July. The rebound follows a sharp selloff earlier this year amid concerns about a slowing economy. Investors are betting on a turnaround in India's property market with developers set to report a record 447 billion rupees ($5.2 billion) in pre-sales in the first quarter, according to a July 7 report from Kotak Institutional Equities. Upcoming new launches from DLF Ltd., Prestige Estates Projects Ltd. and Lodha Developers Ltd. are adding to stronger sentiment. 'We believe tier-1 developers with strong balance sheets and diversified portfolios should continue to benefit from the structural long cycle positive demand trends in India,' Harsh Wardhan Modi, an analyst at JPMorgan Chase & Co., wrote on said it sold 110 billion rupees worth of luxury homes within a week of launch in June, while Prestige notched an all-time high sales bookings in the quarter. While shares of the two are down year to date, they're more than 35% higher since bottoming out in April. ADVERTISEMENT 'Many developers in our coverage have less than one year of unsold inventory and strong balance sheets, giving them pricing and staying power,' HSBC Holdings analysts including Puneet Gulati wrote in a recent note. Still, concerns over aggressive new project launches and the risk of oversupply are weighing on future growth. Questions about whether the property cycle has peaked and if the pace of sales will continue has prompted some investors to take now, they're turning their attention to upcoming earnings season scheduled to kick off later this month. Key areas to watch include whether firms revise guidance upward for fiscal 2026 pre-sales and cash collection, according to Citigroup Inc. analysts. (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
04-07-2025
- Business
- Economic Times
Stock market update: Nifty Realty index advances 1.01% in an upbeat market
NEW DELHI: The Nifty Realty index traded positive around 10:25AM(IST)on Friday in an upbeat market. ADVERTISEMENT Phoenix Mills Ltd.(up 2.42 per cent), Godrej Properties Ltd.(up 1.94 per cent), DLF Ltd.(up 0.87 per cent), Macrotech Developers Ltd.(up 0.65 per cent) and Brigade Enterprises Ltd.(up 0.64 per cent) were among the top gainers. Raymond Ltd.(down 0.83 per cent) and Sobha Ltd.(down 0.51 per cent) were the top losers on the index. The Nifty Realty index was up 1.01 per cent at 972.85 at the time of writing this report. Benchmark NSE Nifty50 index was up 12.75 points at 25418.05, while the BSE Sensex was up 36.18 points at 83275.65. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red. ADVERTISEMENT Shares of Vodafone Idea, PC Jeweller, Ola Electric Mobilit, RattanIndia Power and YES Bank were among the most traded shares on the NSE. Shares of Sumeet Ind, Sindhu Trade, Reliance Naval & Engg, Kalyani Commercials and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Sadhana Nitro, Globe Civil Projects, Indogulf Cropscience and Dreamfolks Services hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel)
