 "Developers moving to commercial realty")
Shares of real estate companies were trading higher by up to 14% on the BSE in an otherwise subdued market in noon deal trade on expectation of uptick in residential new sales in ensuing quarters across key markets.
Sunteck Realty, Sobha, Kolte-Patil Developers, Unitech and Puravankara were up 5% to 14% on the BSE. The S&P BSE Realty index up 1% as compared to 0.19% decline in the benchmark S&P BSE Sensex at 12:40 PM.
Kolte-Patil Developers, Puravankara and Sobha were trading at their respective 52-week highs while NBCC (India), Delta Corp and Sunteck Realty hit record highs
Sunteck Realty, Sobha, Kolte-Patil Developers, Unitech and Puravankara were up 5% to 14% on the BSE. The S&P BSE Realty index up 1% as compared to 0.19% decline in the benchmark S&P BSE Sensex at 12:40 PM.
Kolte-Patil Developers, Puravankara and Sobha were trading at their respective 52-week highs while NBCC (India), Delta Corp and Sunteck Realty hit record highs
