Nifty Realty continues winning streak; Oberoi Realty skyrockets 9%

Phoenix Limited was also in top gear, while Prestige and Indiabulls Real Estate also gained well over 5%. SunTeck Realty was also bullish.

Jun 03, 2021 01:06 IST India Infoline News Service

Bull Market
Nifty Realty stocks continued the winning streak amid bullish markets on Thursday. The Index gained ~4% with Oberoi Realty hitting record high on Thursday.

Phoenix Limited was also in top gear while Prestige and Indiabulls Real Estate also gained well over 5%.  SunTeck Realty was also bullish.

The lowering cases in many cities like Mumbai and gradual ease in restrictions have aided the sector which wasn’t shut completely during the Covid-19 second wave lockdown.

At around 1:18 PM, Nifty Realty was trading at 352.15 up 12.90 points or 3.80% touching a high of 353.75 during intraday trade on Monday. The sector made the major gains in terms of percentage followed by media and metal sectors to keep markets upbeat. BSE Sensex was trading at and Nifty50 at

Oberoi Realty skyrocketed 8.78% at Rs657.35 per piece to lift the performance. Its stocks hit 52-week high of Rs663 per piece on Thursday. Phoenix Mills stretched the gains to follow closely among major gainers. It was up 6.76% at Rs861.70 per piece. Prestige surged over 6% at Rs289.50 per piece while Indiabulls advanced 5.27% at Rs105.80 per piece.

SunTeck Realty also stretched gaining spree by rising 4.78% at Rs303.35 per piece.

DLF and Sobha gained over 2%, while Brigade and Godrej Properties were well over 1.5% higher. Hemisphere Properties was also in the green to cap of an all positive sector.

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