Stay updated with breaking news from Macrotech Developers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The past 18 months have seen a resurgence in the real estate industry, with developers regaining the ground lost to the Covid-19 pandemic. But it is once again adding inventory at a pace faster than sales. The industry's inventory rose by 28 per cent year-on-year (Y-o-Y) in H1FY24, com-pared to a 25.5 per cent year-on-year increase in net sales during the same period.
The official list for the Nifty 50 rejig will be announced in late February 2024.
Shriram Finance, which has a market cap of Rs 75,215.33 crore, has surged nearly 50% over the last 12 months as against the 23% drop seen in UPL share price during this period. In the meantime, the returns by Nifty have been 13%
Stocks such as Alkem, Sun Pharma, Titan, Federal Bank, SBI, TVS Motors, and HCL Tech are each considered to present potential opportunities for investors, analysts said.
Sstrong demand due to resilient macros, lower leverage, industry consolidation and measured price increases are the reasons Morgan Stanley expects the sector to keep doing well