Nifty Realty top sectoral gainer in CY17 so far; 2 stocks turn multibaggers

Analysts at Edelweiss Securities remain constructive on the sector

Realty stocks have been on fire with the Nifty Realty index topping the sectoral chart on year-to-date basis on the hopes of a turnaround and transparency in the sector post the implementation of Real Estate (Regulation and Development) Act (RERA) and Goods and Services Tax (GST).

The Nifty Realty index added over 64% so far in 2017 as compared to nearly 22% gains on Nifty, while the two stocks, Indiabulls Real Estate and Unitech, turned multibaggers during the same period, data available with database AceEquity showed. (see table).

Other sectoral gainers on year-to-date basis included Nifty Finance, Nifty PVT Bank,