Realty retreat: Stocks fall up to 28% in 1 year, slip below 200 DMA. What should investors do now?
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Realty stocks have fallen 28% in the past 12 months and all but one stock in the BSE Realty index are trading below their 200-day simple moving averages (SMAs). The fall has been driven by slowdown in sales and weak outlook which has reflected in the Q4FY25 earnings. The highest fall has been seen in Sobha followed by Godrej Properties and DLF which have fallen 24% and 21%, respectively. Others like Signatureglobal (India), Prestige Estates Projects and Brigade Enterprises have fallen between 9% and 6%. At the index level, the BSE Realty has fallen 11% in the past 12 months. There are some which have gained too. Stocks like Anant Raj, Macrotech Developers, Oberoi Realty and The Phoenix Mills, have appreciated between 16% and 2%. Also Macrotech Developers is the only stock which is trading above its 200-DMA. Live Events Decoding the mystery behind their underperformance, Om Ghawalkar, Market Analyst, Share.Market said that realty stocks...