Realty counters has been trading strength to strength after Prime Minister Manmohan Singh on Wednesday set an investment target of at least Rs 2 lakh crore for core sector projects in the current fiscal in a bid to revert back to 9% economic growth.
Leading among the sectoral space, Phoenix Mills is currently trading at Rs 190.00, up by 6.40 points or 3.49% from its previous closing of Rs 183.60 on the BSE. The scrip opened at Rs 188.95 and has touched a high and low of Rs 191.75 and Rs 183.00 respectively. So far 751 shares were traded on the counter.
Secondly, DLF, which is currently trading at Rs 193.65, up by 5.50 points or 2.92% from its previous closing of Rs 188.15 on the BSE. The scrip opened at Rs 190.00 and has touched a high and low of Rs 195.20 and Rs 188.70 respectively. So far 919919 shares were traded on the counter.
Further, DB Realty is currently trading at Rs 91.15, up by 1.90 points or 2.13 % from its previous closing of Rs 89.25 on the BSE. The scrip opened at Rs 89.30 and has touched a high and low of Rs 93.20 and Rs 89.30 respectively. So far 146941 shares were traded on the counter.
Rate sensitive pivotal such as realty, along with Bankex and Auto, have been on upwards spree on rate cut hopes by Reserve Bank of India, in its upcoming monetary policy review on June 18, 2012.
| Company Name | CMP |
|---|---|
| Lodha Developers | 827.75 |
| Dilip Buildcon | 434.80 |
| DLF | 569.60 |
| Oberoi Realty | 1671.50 |
| Ahluwalia Contract(I | 782.75 |
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