Nifty Realty index nears 52-week high; Oberoi Realty hits record high

Godrej Properties, Puravankara, Kolte-Patil, Sunteck Realty and Ajmera Realty hit 52-week highs

Shares of select real estate companies were trading firm with the Nifty Realty index reaching closer to its 52-week high in an otherwise weak market.

At 02:10 pm; Nifty Realty index, the largest gainer among sectoroal indices, was up 1.78% at 214.25 as compared to 0.65% decline in the Nifty 50 index. The index hit an intra-day high of 214.30, close to its 52-week high of 216.05 touched on August 10, 2016.

Since December 26, 2016, from its recent low, the Nifty Realty index surged 35% against 15% rise in the benchmark index. Kolte-Patil Developers, Delta Corp, Sunteck Realty, Dilip