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Realty stocks fall up to 66% in 1 year but Elara sees up to 85% gains by Sobha, 6 others
Realty stocks have been battered over the past one year, with Nifty Realty declining 14% and stocks falling as much as 66%.Brokerage Elara Capital now sees a turnaround in certain stocks based on multiple levers. One is the luxury sales volume YoY increase remaining broad-based while inventory overhang stable QoQ in Tier I cities. Secondly, strong offtake in new launches and preference for branded players remaining intact. In its view, 7 realty names are poised for up to 85% growth. Here are stocks to buy and accumulate: Realty Bite
Realty stocks have been battered over the past one year, with Nifty Realty declining 14% and stocks falling as much as 66%.Brokerage Elara Capital now sees a turnaround in certain stocks based on multiple levers. One is the luxury sales volume YoY increase remaining broad-based while inventory overhang stable QoQ in Tier I cities. Secondly, strong offtake in new launches and preference for branded players remaining intact. In its view, 7 realty names are poised for up to 85% growth. Here are stocks to buy and accumulate: Realty Bite
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