Realty to stay hot on robust demand, better cash flows
Their top picks include DLF, Sobha, Godrej Properties, Macrotech Developers, and Prestige Estates Projects. The Nifty Realty index has gained 15% in three months compared to a 6% jump in the benchmark Nifty 50.
Chart Check: Up 170% in a year! This realty stock is seeing accumulation after multi-year breakout
“On mid-term charts, Marathon is moving sharply on the upside with higher highs and highs lows formation since April 2021. The stock has given a multi-year breakout and is currently trading at the highest level since August 2018,” Vidnyan Sawant, AVP - Technical Research, GEPL Capital, said.
Ahead of Market: 10 things that will decide D-St action on Friday
“However, the momentum readings on the lower time frame chart have reached the oversold zone and hence, a pullback move could be seen from the short-term supports in the near term,”