The recent blip in housing sales on a quarter-onquarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts.
In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
"The first leg of the bull run in the real estate stocks may be nearing its end, and partial profit booking may be considered. Long-term growth drivers, however, remain intact and the stocks will remain on a gradual uptrend. Investors should not completely exit the pack," he added.
The Nifty Real Estate index was one of the top-performing indices on the bourses during H1CY24. Against the Nifty 50's 10.5 per cent rise, the gauge of real estate players soared 41 per cent on the National Stock Exchange (NSE).
Denne historien er fra July 04, 2024-utgaven av Business Standard.
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Denne historien er fra July 04, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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