Unitech, HDIL, DLF, among big loser as Real Estate shares fall
HDIL, Lost almost 19% during the week which saw huge selling in realty stocks, even the sector majors like Unitech, DLF, and India Bull Real estate lost anywhere between 15 to 18%.
Stocks like DLF and unitech which are facing problem in repayments of debts to the mutual funds are among worst hit.
The traders feel that these companies may not come out with good results and given the low demand form housing sector and other companies put their explanation on hold also leading to prusre on these stocks.
Though these stocks look attractive form the market price, but one need to wait some time before investing in these stocks as more clarity required on this sector.
Almost all real estate shares closed in red except Akruti City. Akruti City Closed in green on the news that the company promoters have paid the loan and got the pledged share released.
Akruti , has high promoter holding, the share price of the company has closed at 797.85
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