Quote on S&P BSE Realty index corrected around 15%, is it good time to buy real-estate stocks By Mr. Yash Gupta, Angel One Ltd
Below is quote on S&P BSE Realty index corrected around 15%, is it good time to buy real-estate stocks by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
We have seen a good correction in the real-estate sector in the last 15 days, S&P BSE Realty down by around 15% from highs of 4464 to 3822 in the last 15 days. We have seen a border market correction in the last 15 days, nifty down by 8% while nifty midcap down by 10.5%. We believe that the real-estate sector is in a long term growth momentum and we expect the growth story to continue. We expect top-10 developers to continue to gain market share in the top-10 cities of India and along with that customers, preference of ready to move property or nearby completion property will continue. We continue our buy call on Sobha Limited with a target price of 970.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
More News
Daily Market Commentary 25 April 2021 By Mr. Siddhartha Khemka, Motilal Oswal Financial Serv...