Monday, 3 September 2018

Real estate stocks trade weak after SC stays construction in some states

Shares of real estate companies were trading lower by up to 3% in an otherwise range-bound market after the Supreme Court stayed construction in some states and union territories (UTs) till they frame policy on waste management. Sunteck Realty, DLF, Indiabulls Real State, Mahindra Lifespace Developers, Ajmera Realty, Puravankara and Kolte Patil Developers were trading lower in the range of 1% to 3% on the BSE. Oberoi Realty and Godrej Properties, however, were trading higher by 3% and 1%, respectively


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