Nomura expresses strong optimism for five key Indian real estate stocks, identifying Prestige Estates as their top choice within the sector. The brokerage also endorses DLF and Oberoi Realty, highlighting their solid investment potential. Additionally, Lodha Developers and Aditya Birla Real Estate gain favorable attention. In contrast, Godrej Properties receives a cautious ‘Hold’ rating from the firm, indicating a more tempered outlook.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj