Latest news with #NiftyRealty
Business Standard
18 hours ago
- Business
- Business Standard
Quick Wrap: Nifty Realty Index registers a drop of 2.60%
Nifty Realty index closed down 2.60% at 970.2 today. The index has lost 4.00% over last one month. Among the constituents, Lodha Developers Ltd fell 7.51%, Brigade Enterprises Ltd slipped 3.45% and Oberoi Realty Ltd dropped 3.10%. The Nifty Realty index has decreased 9.00% over last one year compared to the 3.03% spike in benchmark Nifty 50 index. In other indices, Nifty Media index has slid 0.94% and Nifty Services Sector index added 0.87% on the day. In broad markets, the Nifty 50 added 0.63% to close at 25219.9 while the SENSEX witnessed a rise of 0.66% to close at 82726.64 today.
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Business Standard
a day ago
- Business
- Business Standard
Nifty Realty sheds 3% in firm market; Lodha, Brigade, Oberoi slide up to 7%
Real estate companies share price today Shares of real estate companies were under pressure in an otherwise firm market on Wednesday, with the Nifty Realty index falling 3 per cent on the back of huge volumes recorded on Lodha Developers and Oberoi Realty counters. The disappointing June quarter earnings of Oberoi Realty dampened the investor sentiment. Lodha Developers was down 7 per cent to ₹1,346.50, while Oberoi Realty shed 4 per cent at ₹1,755 levels. Besides these two stocks, Brigade Enterprises slipped 4 per cent on the National Stock Exchange (NSE) in Wednesday's intra-day trade. Godrej Properties, Prestige Estates Projects, Sobha, Anant Raj and DLF were down between 2 per cent and 3 per cent. At 12:03 PM; Nifty Realty, the top loser among sectoral indices, was down 3 per cent, as compared to 0.35 per cent rise in Nifty 50. Thus far in the calendar year 2025, realty index has underperformed the market by falling 8 per cent, as against 5 per cent rally in the benchmark index. Check List of Q1 results today A combined 14.83 million equity shares representing 4 per cent of total equity of Oberoi Realty changed hands on the BSE (11.82 million shares) and NSE (3.01 million shares). According to media reports, existing investors of Oberoi Realty were likely to sell 3 per cent stake in the company via block deals. Meanwhile, as many as 17.07 million shares representing 1.7 per cent of total equity of Lodha Developers changed hands on the NSE (15.42 million shares) and BSE (1.65 million shares). The name of the buyers and sellers were not ascertained immediately. Oberoi Realty Q1 results For the April to June 2025 quarter (Q1FY26), Oberoi Realty's revenue declined 30 per cent/14 per cent year-on-year (YoY)/quarter-on-quarter (QoQ) to ₹990 crore, below analysts estimates. The company reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹52 crore, down 36 per cent/16 per cent YoY/QoQ, and its margin contracted 5.3 per cent YoY to 53 per cent. Profit after tax (PAT) declined 28 per cent/3 per cent YoY/QoQ to ₹421 crore, also below estimate. While Oberoi's current valuation does not suggest significant near-term gains, analysts at Motilal Oswal Financial Services foresee a strong 48 per cent compounded annual growth rate (CAGR) in its presales over FY25-27. The key to a future rerating lies in the company's ability to reinvest the substantial cash flow derived from its completed and near-completion projects, the brokerage firm said in the result update with a 'Neutral' rating on the stock. Analysts at YES Securities expect overall demand to remain steady for this fiscal and hence they believe Oberoi will achieve healthy response to their new launches. However, ramp-up in Thane market and trajectory of sustenance sales will be a key monitorable which has been growing at a soft pace. The brokerage firm believes that the stock is factoring-in the major developments. Hence, on its SOTP valuation, YES Securities arrived at a target price of ₹1,658. The brokerage firm remains slightly cautious owing to deferred launches and softer sustenance sales. Sector outlook Structural demand drivers and industry dynamics will continue to generate significant housing demand in the foreseeable future. Housing remains a necessity and coupled with the availability of quality supply at affordable price points, Lodha Developers anticipate that this demand will translate into robust pre-sales in the years ahead. Rising wages, positive consumer sentiment and the inherent security associated with homeownership are expected to sustain strong housing demand. Furthermore, anticipated interest rate reductions and government-led tax rebates will provide additional impetus to the affordable and mid-income housing segments, the company said in its FY25 annual report.
Economic Times
a day ago
- Business
- Economic Times
Lodha Developers, Oberoi Realty, other realty stocks tumble up to 7% amid sector-wide selloff
Shares of real estate stocks like Lodha Developers, Oberoi Realty, and others fell up to 7% on Wednesday, as weaker-than-expected quarterly earnings from key players triggered a broad selloff across the sector. ADVERTISEMENT The Nifty Realty index dropped 2.7% on the day, dragged lower by broad-based declines among constituents. Shares of Lodha Developers were the worst performers on the index, tumbling as much as 6.7% to Rs 1,346.50. Oberoi Realty shares fell 4.1% to Rs 1,751 amid news of a significant institutional exit. According to a CNBC-TV18 report, an unnamed investor likely offloaded a 3.1% stake in the company via a block deal estimated at $230 million. The floor price for the transaction was reportedly set at Rs 1,753.2 per share, roughly a 4% discount to the stock's closing price on Tuesday, July 22. The deal was described as a 'clean-out trade', though the identity of the seller has not been disclosed. The broader weakness in Oberoi Realty shares also followed disappointing first-quarter results. On July 21, the Mumbai-based developer reported a 28% year-on-year decline in net profit to Rs 421 crore for the April-June quarter of FY26. Revenue from operations fell nearly 30% to Rs 987.55 crore. During the quarter, the company's net profit margin slipped to 39.22%, while EBITDA stood at Rs 607 crore. Oberoi Realty also declared an interim dividend of Rs 2 per share, with a record date of July 25. Subject to approval, the dividend is scheduled to be paid by August 7. Other real estate counters also came under selling pressure. Shares of Raymond Ltd and Prestige Estates each fell 2.6%, while DLF, Sobha, Phoenix Mills, Godrej Properties and Brigade Enterprises registered losses ranging between 0.9% and 2.2%. The selling across the sector reflected investor caution as disappointing earnings, bulk deals and profit-booking weighed on near-term sentiment. ADVERTISEMENT Also read | Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Lodha Developers, Oberoi Realty, other realty stocks tumble up to 7% amid sector-wide selloff
Shares of real estate stocks like Lodha Developers , Oberoi Realty , and others fell up to 7% on Wednesday, as weaker-than-expected quarterly earnings from key players triggered a broad selloff across the sector. The Nifty Realty index dropped 2.7% on the day, dragged lower by broad-based declines among constituents. Shares of Lodha Developers were the worst performers on the index, tumbling as much as 6.7% to Rs 1,346.50. Explore courses from Top Institutes in Please select course: Select a Course Category CXO others Digital Marketing Healthcare Management Data Science MCA Data Analytics Artificial Intelligence Degree Data Science Public Policy Others Finance Leadership MBA healthcare Technology Project Management Product Management Design Thinking Operations Management PGDM Cybersecurity Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Oberoi Realty shares fell 4.1% to Rs 1,751 amid news of a significant institutional exit. According to a CNBC-TV18 report, an unnamed investor likely offloaded a 3.1% stake in the company via a block deal estimated at $230 million. The floor price for the transaction was reportedly set at Rs 1,753.2 per share, roughly a 4% discount to the stock's closing price on Tuesday, July 22. The deal was described as a 'clean-out trade', though the identity of the seller has not been disclosed. Weak earnings add to pressure The broader weakness in Oberoi Realty shares also followed disappointing first-quarter results. On July 21, the Mumbai-based developer reported a 28% year-on-year decline in net profit to Rs 421 crore for the April-June quarter of FY26. Revenue from operations fell nearly 30% to Rs 987.55 crore. During the quarter, the company's net profit margin slipped to 39.22%, while EBITDA stood at Rs 607 crore. Oberoi Realty also declared an interim dividend of Rs 2 per share, with a record date of July 25. Subject to approval, the dividend is scheduled to be paid by August 7. Sector-wide weakness Other real estate counters also came under selling pressure. Shares of Raymond Ltd and Prestige Estates each fell 2.6%, while DLF , Sobha , Phoenix Mills , Godrej Properties and Brigade Enterprises registered losses ranging between 0.9% and 2.2%. Live Events The selling across the sector reflected investor caution as disappointing earnings, bulk deals and profit-booking weighed on near-term sentiment. Also read | Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results?
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)
