Realty Index on Tuesday touched a 52-week low of 5,752.22 closing down by 7.38 per cent, the index was trading at 7,891 points, loosing more than 25 per cent in a  month.
Many Realty stocks are trading far below their issue prices and here are some details
DLF : DLF IPO which was issued at a price of Rs. 525 is now trading at a new 52-week low of Rs 481.55 loosing 7.39 per cent on closing day of Monday Trades. . The DLF issue was priced at Rs 525.
Purvankara Projects : Puravankara Projects closed at Rs 210 at close, down 5.43 per cent. Purvankara Projects IPO hit the markets at a issue price of Rs 400.
Sobha Developers : Sobha Developers which got subscribed at an issue price of Rs 640 is now trading at Rs 409.
Omaxe : Omaxe is currently trading at Rs 174 compared to the issue price of Rs 310.
Market Analysts feel that the slide in the Realty stocks is a logical conclusion to the run up, the stocks had over the last one year and feel that the realty market is expected to face further pressure in the short-term because of the slackening demand in both the residential and commercial segments.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment