According to the company's consolidated balance sheet, this drop could be attributed to rising overall tax expenses.
Sobha stock can potentially rally up to 25% to ₹1,940 levels, hints technical chart; while DLF may gain around 15%. Brigade Enterprises, however, looks weak on the chart.
Real estate stocks fell up to 5% as investors booked profits. A dip in foreign capital inflows and global headwinds also weighed on sector sentiment
Targeted tenant take-up and portfolio moves spotlight spaces peers leave dark
The key trigger for the sector and listed companies are trends in housing sales. Data on this front does not look favourable
Real estate sector/stocks: The Nifty Realty index has slumped nearly 14 per cent so far in 2025 (till Sept 15), in sharp contrast to the 6 per cent gain in the benchmark Nifty50 index.