Indian Realty stocks hit year lows

Indian Realty Stocks are the top losers on the market today because of the negative global cues. Sensex and Nifty indices are down 5% each. Realty stocks like HDIL, Indiabulls Real, Ahluwalia, Gammon Infra, Gremach Infra, IVR Prime, Landmark Prop, Puravankara Pro and Subhash Project have touched their 52-week low.

However, Realty heavyweight Unitech is slightly away from its 52-week low Rs 135.10. Currently stock is trading at at Rs 139.50, down Rs 15.65, or 10.09%. Sources said that Lehman Realty investment in Unitech is not in jeopardy, reports CNBC-TV18 quoting NW18.

Lehman Brothers has filed Chapter 11 bankruptcy. It says no broker-dealer subsidiaries to be included in bankruptcy filing and the company is exploring sale of its broker-dealer operations.

List of realty stocks that have touched their 52-week Low during the day.

Company Name

Group

Today’s High 

Today’s Low 

Last Price 

HDIL

267.00 

235.05 

241.90 

Indiabulls Real

A

245.00 

215.40 

223.00 

Ahluwalia

B2

97.00 

87.00 

90.00 

Gammon Infra

B2

85.10 

80.50 

81.60 

Gremach Infra

B2

72.25 

68.65 

69.95 

IVR Prime

B2

160.00 

150.00 

150.00 

Landmark Prop

B2

13.50 

11.75 

12.05 

Puravankara 

B2

162.00 

143.00 

147.90 

Subhash Project

B2

128.90 

122.55 

123.00 

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1 comment so far ↓

#1 Abhishek on 09.24.08 at 9:52 pm

its the right time to invest in these stocks!!!

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