Nifty Realty gains 11% in 7 sessions; Jefferies likes Macrotech Developers, DLF & Godrej Properties

2 hours ago 1

Global brokerage Jefferies is bullish connected the existent property abstraction arsenic the engaged play has kick-started connected a bully note. Realty scale implicit the past 7 sessions has spurted astir 11 per cent and is present astir 10 per cent down from the highest of 1,157.35 marked connected June 18 this year.

Nonetheless, resounding its optimism connected the sector, Jefferies made a enactment that income successful the residential abstraction has shown a festive season-led upmove with sales successful October rising to a 6-month high.

The brokerage underscored that value sales are trending implicit 20 per cent helped by some the mix and pricing.

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