Realty shares jump on bargain hunting

Anant Raj Ltd claims to have an experience of almost a century in construction and over thirty years in Construction and Infrastructure development in the National Capital Region. The Group has constructed some of the iconic landmarks in the capital city of Delhi

January 8, 2015: Eleven realty shares rose by 0.67% to 6.84% at 13:34 IST on BSE on bargain hunting after recent sell off in realty shares.

Parsvnath Developers (up 6.84%), DLF (up 3.79%), Unitech (up 2.99%), Housing Development and Infrastructure (HDIL) (up 2.77%), Indiabulls Real Estate (up 2.05%), D B Realty (up 1.74%), Peninsula Land (up 1.50%), Anant Raj (up 1.27%), Godrej Properties (up 0.79%), Prestige Estates (up 0.61%) and Oberoi Realty (up 0.67%), edged higher. Sobha, however, fell 1.77%.

The S&P BSE Realty index was up 1.73% at 1,539.94. It outperformed the Sensex, which was up 1.06% at 27,194.70.

The S&P BSE Realty index fell 3.92% in the preceding two trading sessions to 1,513.72 yesterday, 7 January 2015, from a recent high of 1,575.41 on Monday, 5 January 2015.

The index had underperformed the market over the past one month till 7 January 2015, falling 11.67% compared with 5.44% fall in the Sensex. The index had also underperformed the market in past one quarter, falling 2.43% as against Sensex's 2.42% rise.

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