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Real estate stocks bleed amid sales slowdown
The New Indian Express Mysuru
|January 23, 2025
REALTY stocks are under significant pressure amid the broader market sell-off. Over the past month, the Nifty Realty Index has declined sharply by around 20%, with a single-day drop of 4.56% on Wednesday.
Several real estate stocks are now trading at substantial discounts compared to their 52-week highs. DLF shares are down 26% from their 52-week high, while Godrej Properties has dropped 34%. Similarly, Macrotech Developers and Prestige Estates have declined 29% and 36%, respectively.
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