Sobha shares fall 4% after total sales decline 32% YoY to Rs 1,179 crore in Q2
Shares of realty firm Sobha dropped nearly 4% to Rs 1,675.3 in Tuesday’s trade on the BSE following a 32% year-on-year (YoY) decline in total sales for the second quarter of FY25, amounting to Rs 1,178.5 crore. In comparison, the company reported total sales of Rs 1,723.8 crore in Q2 FY24. During this quarter, Sobha…
READ MORE
Nifty Realty down 7% from peak. Can property stocks buck sectoral churning to remain on top?
One of top performing sectors for more than a year, realty, is off its high point. Nifty Realty index, which represents a pack of top 10 real estate stocks, has declined 7% over the last three months, thanks to the election season which has slowed project approvals and launches. As markets are on a lookout…
READ MORE
JM Financial initiates coverage on 5 real estate stocks, expects ‘home-run’ to continue
Expecting the growth momentum to continue in FY25 and favouring developers with a history of timely launches and strategic business development, domestic brokerage firm JM Financial initiated coverage on DLF, Keystone, Macrotech, Oberoi Realty and Sobha. FY24 was the best-ever year for absorption across residential real estate with pan-India sales crossing a billion square feet…
READ MOREproperty prices: Housing sales across India’s top 7 cities expected to witness double digit growth in FY25
MUMBAI: The residential sales across India’s top seven cities are expected to witness double digit growth in 2024-25. The area sold in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, Kolkata, Chennai is likely to increase 10-12% to 785-800 million sq ft in the current financial year, on a high base of…
READ MORE