Godrej Properties, DLF, Oberoi Realty and Lodha Developers were among major losers as real estate stocks were facing selling pressure in today's session.
Indian markets opened positive on Monday with NSE Nifty trading 150 points higher. NSE Nifty touched intraday high at 23,806 at the time of publication of this report.
India’s top 26 listed real estate firms collectively sold properties worth Rs 34,985 crore during the July-September 2024 quarter, driven predominantly by the residential segment.
Hem Securities has suggested BUY rating on Oberoi Realty Limited with a target price of ₹2197, indicating a 16.12% upside from the current market price of ₹1892.
