REIT listing and valuations are triggers, but rising interest rates is a concern: Analysts.
Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.
Realty major DLF on Tuesday reported a 16 per cent decline in its consolidated net profit to Rs 405.33 crore for the quarter ended in March. Its net profit stood at Rs 480.94 crore in the year-ago period, the company said in a regulatory filing. Total income declined to Rs 1,652.13 crore during the fourth quarter of the last fiscal from Rs 1,906.59 crore in the corresponding period of the previous year. Net profit rose to Rs 1,500.86 crore during the last financial year from Rs 1,093.61 crore in the 2020-21 fiscal year. Total income rose to Rs 6,137.85 crore in 2021-22 from Rs 5,944.89 crore in the previous year.
CLOSING BELL: Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share
The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.
AU Small Finance Bank and Bajaj Auto seem well placed on the technical charts and should be able to witness decent gains in the weeks ahead.
A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent
Nifty 50 is back to 18,000, still half of Nifty 500 stocks trade below 200-DMA
CLOSING BELL: Bharti Airtel, up 4 per cent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL,IndusInd Bank, and Power Grid
At present, DLF has a retail footprint of 42 lakh square feet comprising eight properties, including malls and shopping centres, mainly across Delhi-NCR
Both residential and leasing trends point to strong showing in FY23
Realty major DLF announced an investment of around Rs 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services' largest campus globally.
Realty major DLF on Monday launched a new housing project, comprising 1,500 plots, in Chennai and expects a sales revenue of Rs 700 crore over the next 18 months. The company will invest around Rs 100 crore to develop infrastructure in this 85 acre new housing project 'Parc Estate', located off the Old Mahabalipuram Road in Chennai. "We are very excited and buoyant about opportunities and development potential in South India property market," DLF Group Executive Director Aakash Ohri told PTI. In this 85 acre project, he said the company will develop 1,500 plots, having 2.15 million square feet area, over the next 18 months. It is offering plots in sizes ranging from 600 to 4,000 square feet. The company will sell 750 plots in the first phase in a price bracket of Rs 20 lakh to Rs 1.25 crore, he added. "Plot and gold are in huge demand in Chennai," Ohri said. Asked about sales realisation, he said the company expects sales revenue of Rs 700 crore from this entire project. DLF wil
It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses
40 per cent correction in Godrej Property should see a smart 11 per cent jump now, technical charts suggest
Residential demand remains strong, commercial portfolio may lag in near term
Realty major DLF Ltd has revised upwards its sales revenue potential by 17 per cent to Rs 47,000 crore
Adani Ports, Indian Hotels and Tech Mahindra are some of the prominent companies to announce results today.
Company says it clocked record new sales in the quarter amounting to Rs 2,018 crore, reflecting a YoY growth of 97 per cent
Realty major DLF Ltd on Monday reported a 15 per cent fall in its consolidated net profit to Rs 379.49 crore for the quarter ended December.