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The Nifty Realty index is up 49% this year, outperforming the Nifty 50. Realty stocks have gained due to high sales momentum and the strong economic recovery. Experts predict that the momentum will continue for the next few years. ....
"Our focus as a business is about delivering steady and predictable growth. The first half of this fiscal year shows that we are doing that with consistency. We have achieved 48 per cent of our sales guidance for FY24 and 80 per cent of our business development guidance and our embedded EBIDTA margin remains strong at 30 per cent," Lodha said. ....
The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. According to him, the large number of projects tied up across several micro-markets of the cities that it operates in provide the company an opportunity to grow on a granular basis. ....
Others likely to feature in the index and benefit from global passive fund inflows are Polycab India and Tata Communications, wealth firm Nuvama Alternative & Quantitative Research said. ....