Nifty Realty index zooms 50% from November lows; Sobha soars 15%

Sobha, Godrej Properties, Prestige Estates, Sunteck Realty and Delta Corp hit 52-week highs

Shares of real estate companies were in focus with the Nifty Realty index surging more than 3% on Wednesday after a strong rally in stocks like Sobha and Godrej Properties.

At 12:52 pm; Nifty Realty index, the largest gainer among sectoral indices, was up 3.5% at 226.70 as compared to 0.19% rise in the Nifty 50 index.

The real estate index hit a fresh 52-week high of 227.85 in intra-day today. The index rallied 50% from its 52-week low of 151.50 touched on November 22, 2016.

Sobha, Godrej Properties, Prestige Estates, Sunteck Realty and Delta Corp have