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Stamp duty cut fails to cheer Bengaluru realty firms March 08, 2021 Reduction will benefit only buyers up to ₹45 lakh Share prices of Bengalaru-based realty firms witnessed a sudden spurt on Monday around noon as Karnataka government cut stamp duty. But the stocks could not sustain the gains and ended in the red, as analysts said the move will not have much impact. The stock price of Sobha, which jumped to a high of ₹481.55, closed at ₹460.20, down 0.23 per cent against the previous day s close; Prestige Estates Projects touched a high of ₹304 but closed at ₹293.35, almost at day s low level of ₹292.55; and Brigade Enterprises surged to a high of ₹296.35 but closed 0.37 per cent lower at ₹285. ....