Real estate shares in focus; Sobha, Sunteck Realty hit 52-week highs

Sobha, Sunteck Realty, Oberoi Realty, Dilip Buildcon and Delta Corp were up more than 5% each.

Shares of real estate companies were in focus and rallied by up to 20% on the BSE in intra-day trade. Sobha, Vipul, Sunteck Realty, Oberoi Realty, Dilip Buildcon and Delta Corp were up more than 5% each.

At 02:09 pm; Nifty Realty index and S&P BSE Realty index, the largest gainers among sectoral indices, were up 3.6% each as compared to 0.8% rise each in Nifty 50 and S&P BSE Sensex. The Realty index has rallied 10% since the Budget day against the 4% rise in benchmark indices during the same period.

Sobha, Sunteck Realty, Ajmera Realty, Dilip