Realty shares in focus; Sobha, Ajmera Realty, Puravankara up over 10%

At 02:58 PM: Nifty Realty index, the largest gainer among sectoral indices, was up 2.6% against 0.09% rise in the Nifty 50 index.

Shares of realty companies have rallied by up to 20% on the BSE in intra-day trade after the real estate developer Sobha reported a good set of new sales volumes in July-September 2017 quarter (Q2FY18).

Besides Sobha, Purvankara, Ajmera Realty & Infra India and Marathon Nextgen have surged between 12% and 19% on the BSE. Kolte-Patil Developers, Anant Raj Industries, Prestige Estates and Delta Corp, Simplex Realty were up in the range of 3% to 4%.

At 02:58 PM; the S&P BSE Realty index, the largest gainer among sectoral indices, was up 2.7% at 2,163 as compared to