Real estate, cement shares trade firm in weak market
UltraTech, Ambuja Cements, ACC, Dalmia Bharat, Oberoi Realty, DLF, HDIL and NBCC were up 2%-5%
premium
Shares of real estate and cement companies were trading firm in otherwise weak market after Prime Minister Narendra Modi announced a slew of incentives to boost rural and urban housing post demonetization.
UltraTech Cement, Ambuja Cements, ACC, Dalmia Bharat, JK Lakshmi Cement, India Cements, Heidelberg Cement, Prism Cement and JK Cements from the cement sector and Oberoi Realty, DLF, Housing Development & Infrastructure (HDIL), NBCC, Godrej Properties, Indiabulls Real Estate and J Kumar Infra from the real estate were up in the range of 2%-5% on the BSE.
At 10:13 am; the S&P BSE Sensex was down 0.39% or 104 points at 26,523.
UltraTech Cement, Ambuja Cements, ACC, Dalmia Bharat, JK Lakshmi Cement, India Cements, Heidelberg Cement, Prism Cement and JK Cements from the cement sector and Oberoi Realty, DLF, Housing Development & Infrastructure (HDIL), NBCC, Godrej Properties, Indiabulls Real Estate and J Kumar Infra from the real estate were up in the range of 2%-5% on the BSE.
At 10:13 am; the S&P BSE Sensex was down 0.39% or 104 points at 26,523.
Prime Minister Narendra Modi on Saturday announced interest subsidy of up to 4% on loans taken in the New Year under the Pradhan Mantri Awaas Yojana (PMAY).
Announcing a slew of measures, Modi said 33% more homes will be built for the poor under the PMAY in rural areas.
Loans of up to Rs 900,000 taken out in 2017 to receive interest rebate of 4%, while loans of up to Rs 1,200,000 taken out in 2017 to receive interest rebate of 3% and loans of up to Rs 200,000 taken in 2017 for new housing, or extension of housing in rural areas, to receive an interest rebate of 3%. CLICK HERE TO READ FULL STORY
Most of the real estate and cement sector stocks had corrected between November 8 and December 26, post demonisation.
| Company | 08/11/2016 | 26/12/2016 | % chg | 30/12/2016 | % chg |
| J K Cements | 912.20 | 640.35 | -29.80 | 730.00 | 14.00 |
| H D I L | 74.45 | 54.25 | -27.13 | 61.45 | 13.27 |
| India Cements | 155.40 | 107.75 | -30.66 | 120.10 | 11.46 |
| NBCC | 234.70 | 220.00 | -6.26 | 244.00 | 10.91 |
| J Kumar Infra | 199.05 | 189.60 | -4.75 | 210.00 | 10.76 |
| Dalmia Bhar. | 2021.75 | 1294.15 | -35.99 | 1418.15 | 9.58 |
| DLF | 143.65 | 105.35 | -26.66 | 115.00 | 9.16 |
| Heidelberg Cem. | 136.55 | 103.20 | -24.42 | 112.65 | 9.16 |
| UltraTech Cem. | 3958.10 | 3086.25 | -22.03 | 3330.00 | 7.90 |
| Swan Energy | 113.55 | 150.20 | 32.28 | 160.80 | 7.06 |
| Ambuja Cem. | 244.15 | 198.10 | -18.86 | 210.75 | 6.39 |
| Oberoi Realty | 338.10 | 291.95 | -13.65 | 309.50 | 6.01 |
| Century Textiles | 976.65 | 762.60 | -21.92 | 807.50 | 5.89 |
| Godrej Propert. | 358.50 | 293.00 | -18.27 | 308.55 | 5.31 |
| Sunteck Realty | 275.50 | 209.60 | -23.92 | 220.50 | 5.20 |
| ACC | 1503.75 | 1286.75 | -14.43 | 1349.50 | 4.88 |
| JK Lakshmi Cem. | 466.65 | 346.65 | -25.72 | 363.45 | 4.85 |
| Unitech | 5.69 | 4.06 | -28.65 | 4.24 | 4.43 |
| Indbull.RealEst. | 80.50 | 69.55 | -13.60 | 72.50 | 4.24 |
| Prism Cement | 101.95 | 77.45 | -24.03 | 79.40 | 2.52 |
| Phoenix Mills | 363.55 | 363.75 | 0.06 | 371.35 | 2.09 |
| Sobha | 270.35 | 245.70 | -9.12 | 250.35 | 1.89 |
| Omaxe | 165.85 | 157.45 | -5.06 | 160.00 | 1.62 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%