GAGA Share Market News

[hfe_template id='11223'] [ad_1] With a strong residential pipeline, aggressive business development (BD) strategy, and a fortress balance sheet, Oberoi Realty stands out as domestic brokerage firm Elara Capital’s top pick in the real estate sector with a raised target price of Rs 2,500 (from Rs 2,350). Oberoi Realty has shifted gears, moving from a low-growth to a high-growth model, with new business development (BD) worth Rs 460 billion executed between FY23 and FY25 YTD, significantly bolstering its residential pipeline beyond Rs 1 trillion. Additionally, the potential acquisition of Sahara Group’s 106-acre Versova land could double its existing pipeline, reinforcing its expansion strategy. The company’s aggressive expansion spans across key micro-markets like Mulund, Worli, Thane, Goregaon, and Borivali, while also marking its first entry into Gurugram—a step toward multi-regional diversification. “The pace of expansion is likely to sustain on account of 1) high cash...

[hfe_template id='11223'] [ad_1] Indian real estate stocks faced sharp selling pressure this week, making them the biggest losers in the market as the BSE Realty benchmark index tumbled 9.4%, significantly underperforming the broader BSE Sensex, which declined 2.47%. Despite the Reserve Bank of India's (RBI) recent rate cut aimed at boosting economic growth, realty stocks failed to find support, weighed down by global trade tensions, foreign investor outflows, and weak corporate earnings. The rout deepened on Friday, with the Nifty Realty Index closing 1.74% lower at 831.45. Phoenix Mills led the losses, falling 3.3% to hover near its 52-week low. Godrej Properties and Raymond Ltd also slumped over 3%, with Godrej Properties now down more than 32% over the past six months. Among the biggest weekly laggards, Oberoi Realty tumbled 14.01%, Brigade Enterprises slid 11.51%, and DLF dropped 11.28%. Godrej Properties, Anant Raj, and Sobha Ltd also recorded steep weekly decl...

[hfe_template id='11223'] [ad_1] It's been a forgetful week for Indian investors as equity markets fell dramatically, erasing the gains of the last four weeks. The benchmark Sensex witnessed a sharp decline, marking a loss of nearly 5% for the week. Despite the overall weak sentiments, a few smallcaps stood out, 22 of them precisely, delivering double-digit returns to investors. Fairchem Organics was the top gainer in the smallcap pack with nearly 49% returns, followed by Tanfac Industries (28%), Vakrangee (18%), and Five-Star Business (18%). About 20 stocks, including Chaman Lal Steia, 63 Moons Technologies, Cosmo First, Hampton Sky, Yasho Industries, Newgen Software, have offered returns between 10-20% during the week. Also Read: D-Street carnage extends to 5th day as Sensex crashes 1,176 pts, Nifty drops below 23,600; investors lose Rs 10.15 lakh crore In the midcap segment, only General Insurance Corp rose in double digits, gaining about 17%. Oberoi Realty and Th...

[hfe_template id='11223'] [ad_1] Oberoi Realty shares surged as much as 6.3% on Monday to a record high of Rs 2,250.65 on BSE after brokerage firm Axis Securities initiated coverage on the real estate developer with a 'buy' rating, at a target price of Rs 2,560, implying an upside of about 14% from current levels. The brokerage said that its recommendation is underpinned by the company’s strong positioning in Mumbai’s luxury real estate market, a growing annuity income stream, strategic geographic expansion, and solid financial fundamentals. Axis Capital said it also likes the company's robust annuity scale-up, entry into new key markets, and low leverage with strong cash flows. Oberoi has a substantial leasing portfolio in marquee locations, with occupancy levels exceeding 90%, the brokerage said, adding that the EBITDA margins for its current projects are consistently above 90%. Oberoi is targeting Rs 1,000 crore in annual exit rentals from its commercial p...

[hfe_template id='11223'] [ad_1] Sensex rallied over 1135 points on Monday morning as MSCI November 2024 index review came into effect from today with Indian stocks expected to attract about $2.5 billion in passive foreign institutional investor (FII) flows. Banking heavyweight HDFC Bank would also be in the spotlight, with its weightage in the index slated to increase, bringing in a projected $1.9 billion in inflows. The quarterly MSCI revision strengthens India's position in the Emerging Markets (EM) Index, highlighted by notable additions and adjustments that have captured market interest. With five new entries and no exclusions, India's stock count in the MSCI Standard/EM Index will rise to 156. India's weight in the MSCI EM Index will rise from 19.3% to nearly 19.8%, making it the largest gain in basis points among EM countries during this update, according to Nuvama Institutional Equities. BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Re...

[hfe_template id='11223'] [ad_1] "The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960–24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports are placed at 23,750 and 23,550," De said. Factors that are likely to impact movement when markets reopen this week: Assembly Elections With the Bharatiya Janata Party led Mahayuti alliance sweeping Maharashtra, D-Street is expected to take the development positively when markets reopen. The alliance ended-up with 230 seats out of 288 which went to polls. In Jharkhand, JMM alliance wrested back the power, winning 56 out of 81 seats. Market experts hailed the Maharashtra results calling it favourable for the D-Street as Maharashtra is a large state and commercial capital of the country w...

[hfe_template id='11223'] [ad_1] IRFC Share Price 154.6 12:22 PM | 7 Nov 2024 0.6(0.39%) Suzlon Energy Share Price 67.87 12:22 PM | 7 Nov 2024 -1.45(-2.1%) IREDA Share Price 207.35 12:23 PM | 7 Nov 2024 -2.56(-1.22%) Tata Motors Share Price 827.55 12:23 PM | 7 Nov 2024 -12.16(-1.45%) YES Bank Share Price 20.96 12:23 PM | 7 Nov 2024 0.13(0.58%) HDFC Bank Share Price 1742.4 12:23 PM | 7 Nov 2024 -12.85(-0.74%) NHPC Share Price 84.65 12:22 PM | 7 Nov 2024 0.72(0.85%) RVNL Share Price 483.35 12:22 PM | 7 Nov 2024 13.71(2.92%) SBI Share Price 854.5 12:23 PM | 7 Nov 2024 -0.3(-0.04%) Tata Power Share Price 444.6 12:23 PM | 7 Nov 2024 -4.7(-1.05%) Tata Steel Share Price 154.25 12:23 PM | 7 Nov 2024 0.63(0.42%) Adani Power Share Price 606.5 12:22 PM | 7 Nov 2024 -9.8(-1.6%) PayTM Share Price 795.65 12:22 PM | 7 Nov 2024 -2.06(-0.26%) PNB Share Price 106.65 12:23 PM | 7 Nov 2024 -0.33(-0.31%) Zomato Share Price 259.88 12:23 PM | 7 Nov 2024 4.94(1.94%) BEL Share Price 298.7 12:23 ...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 151.35 03:59 PM | 14 Oct 2024 -1.06(-0.69%) Suzlon Energy Share Price 74.01 03:59 PM | 14 Oct 2024 -0.38(-0.52%) Indian Renewable Energy Development Agency Share Price 221.5 03:59 PM | 14 Oct 2024 -7.12(-3.12%) Tata Motors Share Price 928.25 03:59 PM | 14 Oct 2024 -2.46(-0.27%) YES Bank Share Price 21.05 03:59 PM | 14 Oct 2024 -0.35(-1.64%) HDFC Bank Share Price 1688.1 03:59 PM | 14 Oct 2024 37.1(2.25%) NHPC Share Price 91.06 03:59 PM | 14 Oct 2024 0.15(0.16%) Rail Vikas Nigam Share Price 470.5 03:59 PM | 14 Oct 2024 -4.9(-1.04%) State Bank of India Share Price 805.15 03:59 PM | 14 Oct 2024 5.4(0.68%) Tata Power Company Share Price 462.3 03:59 PM | 14 Oct 2024 1.16(0.25%) Tata Steel Share Price 158.32 03:59 PM | 14 Oct 2024 -2.35(-1.46%) Adani Power Share Price 634.45 03:59 PM | 14 Oct 2024 -7.85(-1.23%) One97 Communications Share Price 717.65 04:00 PM | 14 Oct 2024 -6.86(-0.95%) Punjab Natio...

[hfe_template id='11223'] [ad_1] One of top performing sectors for more than a year, realty, is off its high point. Nifty Realty index, which represents a pack of top 10 real estate stocks, has declined 7% over the last three months, thanks to the election season which has slowed project approvals and launches. As markets are on a lookout for new winners with sectoral churing into effect, can it buck the trend to remain on top? Eight stocks in the Nifty Realty index have fallen in double-digits from their 52-week highs with the highest decline seen in Macrotech Developers (Lodha) at 23%. The next in line are Mahindra Lifespace Developers and Sobha which have corrected by 18% and 19%, respectively. Others including The Phoenix Mills, Sunteck Realty, Oberoi Realty, DLF, Godrej Properties, Brigade Enterprises and Prestige Estates have fallen between 17% and 7% from their 52-week top. Stocks like Prestige Estates, Sobha and Brigade Enterprises remain multibaggers despite the...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 166.06 09:31 AM | 16 Sep 2024 -1.19(-0.72%) One97 Communications Share Price 666.95 09:31 AM | 16 Sep 2024 12.0(1.84%) YES Bank Share Price 23.44 09:31 AM | 16 Sep 2024 0.15(0.61%) ITC Share Price 514.7 09:31 AM | 16 Sep 2024 0.86(0.17%) HDFC Bank Share Price 1670.55 09:31 AM | 16 Sep 2024 4.6(0.28%) Tata Motors Share Price 993.3 09:31 AM | 16 Sep 2024 1.2(0.13%) Zomato Share Price 271.3 09:31 AM | 16 Sep 2024 -1.6(-0.59%) Adani Enterprises Share Price 3020.9 09:31 AM | 16 Sep 2024 52.56(1.78%) Infosys Share Price 1940.85 09:31 AM | 16 Sep 2024 -3.25(-0.17%) Reliance Industries Share Price 2954.55 09:31 AM | 16 Sep 2024 9.31(0.32%) Adani Power Share Price 660.1 09:31 AM | 16 Sep 2024 26.65(4.21%) Vedanta Share Price 461.7 09:31 AM | 16 Sep 2024 7.65(1.69%) Indian Renewable Energy Development Agency Share Price 231.03 09:31 AM | 16 Sep 2024 -0.57(-0.25%) NHPC Share Price 94.9 09:31 AM | 16 Sep...

[hfe_template id='11223'] [ad_1] Expecting the growth momentum to continue in FY25 and favouring developers with a history of timely launches and strategic business development, domestic brokerage firm JM Financial initiated coverage on DLF, Keystone, Macrotech, Oberoi Realty and Sobha. FY24 was the best-ever year for absorption across residential real estate with pan-India sales crossing a billion square feet mark. Since FY21, pre-sales in the top 7 markets have largely been ahead of new launches, leading to a sharp reduction in inventory levels to 11 months. Among the listed players, Godrej, Prestige, Signature and Brigade delivered very strong growth in FY24. In terms of unsold inventory, the industry is at multi-year lows and new launches continue to see a strong response. “We expect this momentum to continue in FY25E, and are building in the market growth of 18% (volume growth of 12% and 6% escalation in prices) and a moderate increase in supply, which should be in ...