The Realty index tumbled 6% to a low of 2,282 from the day's high (2,428) towards the close. The index eventually ended with a loss of 22 points at 2,295.
Most of the stocks came-off their respective day's high owing to weakness in the broader market. Mahindra Lifespace has plunged nearly 10% from the day's high. DLF has shed nearly 9%.
| OFF THE DAY'S HIGHS | ||||
| Company |
Day's High |
Close |
Net Chg |
% Chg |
| Mah Lifespace | 203.00 | 183.00 | 20.00 | 9.85 |
| DLF | 254.90 | 232.50 | 22.40 | 8.79 |
| Orbit Corp | 94.50 | 87.10 | 7.40 | 7.83 |
| Omaxe | 60.90 | 57.05 | 3.85 | 6.32 |
| Unitech | 52.65 | 49.35 | 3.30 | 6.27 |
| Sobha Dev | 118.90 | 112.30 | 6.60 | 5.55 |
| Ansal Infra | 36.00 | 34.15 | 1.85 | 5.14 |
| Parsvnath | 50.90 | 48.35 | 2.55 | 5.01 |
| Indiabulls Real | 152.75 | 145.10 | 7.65 | 5.01 |
| HDIL | 188.70 | 179.90 | 8.80 | 4.66 |
| Akruti City | 379.00 | 363.25 | 15.75 | 4.16 |
| Peninsula Land | 43.80 | 42.35 | 1.45 | 3.31 |
| Phoenix Mills | 121.50 | 117.65 | 3.85 | 3.17 |
| (All figures in Rs) | ||||
Unitech plunged 3% to Rs 49.35. DLF slipped 1.5% to Rs 232.
Parsvnath Developers dropped 1.5% to Rs 48.35. Orbit Corporation and Omaxe also declined.
On the other hand, Anant Raj Industries soared 5% to Rs 79. Peninsula Land, Sobha Developers and Indiabulls Realestate were the other top gainers.
_______________________________________________________
(Updated at 1204 hrs)
Realty stocks continue to rise for the second consecutive day. The index is now at 2,392, up 75 points (3%). In the process, the index has surged 164 points (7%) in the last two days so far.
Positive sentiment after the DLF's near 10% stake sale by the promoters has boosted the realty stocks.
DLF has gained 4.5% at Rs 247.
Sobha Developers has surged over 6% to Rs 117. Mahindra Lifespace Developers has added around 5.5% to Rs 192.
Anant Raj Indutries and Indiabulls Realestate have soared around 5% each at Rs 80 and Rs 151, respectively.
Orbit Corporation and Peninsula Land have moved up 4.5% each to Rs 92 and Rs 43, respectively.
Ansal Infrastructures, Akruti City and Omaxe are up 2.5% each.
