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Six months after a Hindenburg report led to a meltdown in Adani Group stocks, the conglomerate is trying to strike a balance between growth, capex and deleveraging its debt
The NSE Nifty Realty Index has gained 36% since a March-low as cooling inflation allowed the Reserve Bank of India to keep rates on hold. In comparison, a global gauge of real estate stocks rose only 3.6% in the same period.
India's property stocks are expected to continue growing due to the possibility of an interest rate cut by the central bank next year, as well as sustained demand for properties and improving earnings for large companies.