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Realty shares in focus; Sobha, Ajmera Realty, Puravankara up over 10%

At 02:58 PM: Nifty Realty index, the largest gainer among sectoral indices, was up 2.6% against 0.09% rise in the Nifty 50 index.

SI Reporter  |  Mumbai 

RERA
As per the survey, nearly 73% of the participants who took part in the survey

Shares of realty companies have rallied by up to 20% on the BSE in intra-day trade after the real estate developer reported a good set of new sales volumes in July-September 2017 quarter (Q2FY18).

Besides Sobha, Purvankara, & Infra India and Marathon Nextgen have surged between 12% and 19% on the BSE. Kolte-Patil Developers, Anant Raj Industries, Prestige Estates and Delta Corp, Simplex Realty were up in the range of 3% to 4%.

At 02:58 PM; the S&P BSE Realty index, the largest gainer among sectoral indices, was up 2.7% at 2,163 as compared to 0.12% rise in the benchmark S&P BSE Sensex.

index too up 2.6% at 285.60 against 0.09% rise in the Nifty 50 index. The realty index hit an intra-day high of 286.60, is 3% away from its 52-week high of 294.85 touched on September 13, 2017 in intra-day trade.

hits a 52-week high of Rs 470, up 20% on BSE in intra-day trade after the company said that it achieved new sales value of Rs 593 crore in Q2FY18 was the highest in the past 10 quarters. The real estate developer had reported sales value of Rs 518 crore in the same quarter last fiscal.

“The company achieved new sales volumes of 861,084 square feet total valued at Rs 675 crore with an average realisation of Rs 7,840 per square feet in second quarter. Sales volume is marginally higher and total sales value is up by 22.5% as compared to Q2FY17,” said in an exchange filing.

Despite a challenging macro environment, the company is confident of maintaining sales momentum in forth coming quarters, it added.

COMPANY LATEST PREV CLOSE GAIN(%)
MARATHON NEXTGEN 441.00 369.90 19.2
SOBHA 460.00 391.25 17.6
PURAVANKARA 83.15 74.20 12.1
AJMERA REALTY 259.00 231.90 11.7
ELDECO HOUSING 1336.00 1220.55 9.5
PRERNA INFRA. 40.95 38.00 7.8
J KUMAR INFRA 228.45 216.30 5.6
BRIGADE ENTERPR. 256.95 244.30 5.2
NIMBUS PROJ. 91.70 87.90 4.3
SIMPLEX REALTY 90.55 87.00 4.1
SHERVANI INDL SY 270.00 259.45 4.1
KOLTE PATIL DEV. 211.80 203.65 4.0
PRESTIGE ESTATES 300.00 288.80 3.9
PENINSULA LAND 24.80 23.90 3.8
ANANT RAJ 56.85 54.80 3.7

First Published: Mon, October 09 2017. 15:05 IST
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