Nifty Realty extend lifetime highs as Sobha continues to log fresh records; Except Prestige, all stocks rise

Prestige was the only loser dipped by 1.04% at Rs418.30 per piece.

Sep 06, 2021 10:09 IST India Infoline News Service

The Nifty Realty stocks continued to record high levels as heavyweight Sobha again hit 52-week high with Brigade amid strong positive market cues. The Nifty Realty has surged by nearly 1% today. A broad-based buying was recorded in the sectoral index as all scrips were on a green note except Prestige.

The real estate sector has seen interest from traders and investors throughout the market session. Real estate developers expect a 25 to 30% growth in residential sales ahead of festive seasons.

At around 10:35 AM, Nifty Realty was trading at 421.20 up 3.35 points or 0.80%. The index has touched a new all-time high of 423.45.

Sobha was the top bull zoomed by 3.5% after hitting 52-week high at Rs807.90 per piece followed by Oberoi Realty surging 3.14%.

Brigade advanced 2.65% at Rs379.95 per piece. The stocks hit new 52-week high at Rs386 per piece during early trading hours on Monday. Indiabulls Real Estate and Hemisphere Properties jumped 1.03% and 0.70% respectively to lift the index.

Index heavyweight Godrej Properties also gained by 0.44% at Rs1,587.35 per piece. Sunteck and Phoenix was trading marginally up while DLF was on a flat note.

On the other hand, Prestige was the only loser dipped by 1.04% at Rs418.30 per piece.

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