Real estate shares in focus; DLF hits 52-week high - Dollar Advisory & Financial Services

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Wednesday 29 June 2016

Real estate shares in focus; DLF hits 52-week high

Shares of land organizations were exchanging higher by up to 10% on the Bombay Stock Exchange (BSE) in early morning exchange on the back of overwhelming volumes.

DLF, Unitech, Housing Development and Infrastructure (HDIL), Sobha, Oberoi Realty, Indiabulls Real Estate, Godrej Properties, Parsvnath Developers, Kolte Patil Developers and DB Realty were up 2%-10% on the BSE.

At 09:51 AM, the S&P BSE Realty list was up 4% when contrasted with 0.52% ascent in the S&P BSE Sensex. The realty record hit a 52-week high of 1,515 on the BSE in intra-day exchange.

DLF, the biggest gainer among land pack, has revived 10% to Rs 147, likewise its 52-week high on the BSE in early morning exchange, on reports that the promoters of land designer will pump Rs 10,000 crore by buying offers in a particular issue.

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