DLF, Lodha: Realty stocks enter next leg of upside post hitting new peaks

Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.

Illustration: Binay Sinha
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Realty index

Avdhut Bagkar Mumbai

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Nifty Realty Index has scaled a new historic peak in this week, prompting a fresh upside in the forthcoming weeks. The index had gained close to 10 per cent in the July month, and 31 per cent so far in the on-going year. 

On Wednesday, despite domestic market trading with a cut close to 1 per cent, shares of Sobha, IB Real Estate, and Prestige Estates Projects gained over 1 per cent, respectively. Oberoi Realty clinched to a new 52-high, steering a firm positive momentum in the morning session.

Here’s the technical outlook of realty stocks amid robust trend:-

First Published: Aug 02 2023 | 11:33 AM IST

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