Rajya Sabha approved the Real Estate (Regulation and Development) Bill,2016 that seeks to protect the interests of the large number of aspiring house buyers.
Realty stocks were higher after Rajya Sabha approved the Real Estate (Regulation and Development) Bill 2016 that seeks to protect the interests of the large number of aspiring house buyers while at the same time enhancing the credibility of construction industry by promoting transparency, accountability and efficiency in execution of projects.
Moving the Bill pending in Rajya Sabha since 2013 for further consideration and passing, Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu stated that over the years the sector has acquired a degree of notoriety which needs to be addressed to enable enhanced flow of investments, for which the Government has announced several incentives in the Budget for 2016-17 and earlier.
DLF Ltd is currently trading at Rs. 110.45, up by Rs. 4.45 or 4.2% from its previous closing of Rs. 106 on the BSE.
The scrip opened at Rs. 103.5 and has touched a high and low of Rs. 111.4 and Rs. 102.6 respectively. So far 13445180(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18906.25 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.15 on 06-Apr-2015 and a 52 week low of Rs. 72.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 110.75 and Rs. 104.55 respectively.
The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 18.7 % and 6.31 % respectively.
The stock is currently trading below its 200 DMA.
Sobha Ltd is currently trading at Rs. 257.55, up by Rs. 6.6 or 2.63% from its previous closing of Rs. 250.95 on the BSE.
The scrip opened at Rs. 254 and has touched a high and low of Rs. 259.85 and Rs. 254 respectively. So far 52756(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2460.82 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 467.9 on 10-Apr-2015 and a 52 week low of Rs. 230.05 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 262.8 and Rs. 244.1 respectively.
The promoters holding in the company stood at 60.58 % while Institutions and Non-Institutions held 34.76 % and 4.66 % respectively.
The stock is currently trading above its 200 DMA.
Mahindra Lifespace Developers Ltd is currently trading at Rs. 432, up by Rs. 8.5 or 2.01% from its previous closing of Rs. 423.5 on the BSE.
The scrip opened at Rs. 430 and has touched a high and low of Rs. 432 and Rs. 430 respectively. So far 482(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1737.67 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 558.7 on 21-Sep-2015 and a 52 week low of Rs. 401.3 on 19-Jun-2015. Last one week high and low of the scrip stood at Rs. 447.35 and Rs. 415.8 respectively.
The promoters holding in the company stood at 50.81 % while Institutions and Non-Institutions held 27.49 % and 21.59 % respectively.
The stock is currently trading above its 100 DMA.
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