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The Economic Times
The Economic Times
Debaroti Adhikary

DLF, Godrej Properties, and other realty stocks jump up to 13% in 3 days. Is the rally sustainable?

DLF Godrej Properties Harshal Dasani Prestige Estates Sudeep Shah Uttam Kumar Srimal Axis Direct Nifty Realty Oberoi Realty Phoenix Mills

Shares of real estate stocks have seen a sharp surge recently, pushing the Nifty Realty index around 9% higher in three days with some analysts highlighting attractive valuations after a prolonged correction, while some advised caution.

Heavyweight DLF and Godrej Properties, along with the shares of Oberoi Realty, Prestige Estates, Brigade Enterprises, Aditya Birla Real Estate, Phoenix Mills, Anant Raj and Lodha Developers gained up to 13% over three days. Notably, these stocks have declined up to 50% in one year.

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