Realty index outruns Nifty on GST 2.0 plan; time to buy real estate stocks?

Real estate stocks gained up to 4% today with Anant Raj, Prestige Estates, Sobha, Godrej Prop, DLF among top gainers. Nifty Realty index has outperformed Nifty50 since PM Modi announced GST reforms

Real estate stocks to buy: Real estate stocks were buzzing in trade on Thursday with individual stocks rising up to 4 per cent on the National Stock Exchange (NSE) in the intraday trade.

 

Anant Raj share price, for instance, rallied 3.9 per cent (₹559.85), while Prestige Estates Projects share price climbed 3.7 per cent (₹1,687). Share prices of Sobha, Godrej Properties, DLF, Oberoi Realty, Lodha, and The Phoenix Mills, meanwhile, gained between 1 per cent and 2.4 per cent intraday.

 

By comparison, the Nifty Realty index rose 1.8 per cent intraday and was up 0.8