Nifty Realty soars 84% from March low; Prestige, Lodha rally 100% in 7 mths

In Wednesday's trade, Nifty Realty rose 3 per cent to Rs 683.30, which was also its highest level since September 8, 2008

Shares of real estate companies continued their northward movement with the Nifty Realty index hitting an over 15-year high of 683.30 in Wednesday’s intra-day trade on healthy business outlook.

Nifty Realty index rose 3 per cent, quoting at its highest level since September 8, 2008 today. In comparison, the Nifty 50 was up 1 per cent at 19,635 at 12:50 PM.

Macrotech Developers (Lodha), Brigade Enterprises, Oberoi Realty, Prestige Estates Projects, Sobha, Godrej Properties, DLF and Signature Global (India) were up 2 to 6 per cent on the National Stock Exchange (NSE) on Wednesday.

Since March 28, 2023 level, the