An index or a stock is said to be in a 'correction' phase when it has dipped over 10 per cent and up to 20 per cent from its recent peak level. A 20 per cent or more fall is termed as a 'bear' phase
The company's revenue from the quarter's operations also grew sixfold to Rs 169.04 crore
Housing sales during Q3CY24 slipped 11 per cent in India, with Mumbai Metropolitan Region (MMR) emerging as the top-performing market, despite a 13 per cent quarterly decline
The analysts believe that factors like healthy leverage, an increased focus on business development, and the potential for interest rate cuts will boost sales in the city.
LTCG indexation amendment: Under the proposed amendment, home owners, planning to sell their property bought before July 23, 2024, can choose between the new and the old tax regimes
A major driver behind this rally, analysts said, is DLF's strong June quarter performance.
The Nifty Metal Index is currently in a phase of consolidation, trading within a narrow range of 300 points, specifically between 9,700 and 10,000
The uptick in the stock price came after the real estate player announced that it has signed a joint development agreement for a 1.2 million sq ft residential project in Bengaluru
Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.
After a sharp rally in FY24, which has seen the Nifty Realty index soaring more than 128 per cent against a 26.7 per cent jump in the Nifty 50, any correction in the shares provides good buying opport
A prospective downturn is anticipated, contingent upon the Nifty FMCG index breaching the crucial threshold of 55150, as per Ravi Nathani
Investors holding the stocks could partially book profit; new investors should wait for correction to enter the pack
Investors may consider booking profits either at the CMP or during any subsequent rise in prices in Nifty Realty, as per Ravi Nathani
On October 7, 2021, the index had rallied 6.2 per cent. Today, it was quoting at its highest level since June 2008, BSE data showed
Since March 28, the market prices of DB Realty, Puravankara, and Prestige Estates Projects have zoomed over 200 per cent
Since June, the ratio has consistently remained below 0.56, largely due to the attractive returns generated by most equity schemes
The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007
The best trading strategy for Nifty Realty would be to exercise patience and wait for the index to undergo a corrective phase, says Ravi Nathani
Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.
According to Ravi Nathani, an independent technical analyst, given the overbought conditions on Nifty Pharma traders are advised to book profits and adopt a cash position for near- and short-term.