National News

Huge purchase in real estate stocks in the last 5 months

There is a general perception that those investing in IT and pharma have reaped silver in the recent rally. However, the figures are telling a different story. In the last five and a half months, real estate has given better returns than most sectors including IT, pharma, auto. Things in real estate are improving rapidly after unlock.

This led to a huge purchase in real estate stocks. Realty became the second-highest performing index among the 19 sectoral indices of BSE. It has given 67.8 percent returns since September 30. At the same time, Bankex was the best performer with a 69.1 percent return in the same period. It was at 24,354.70 on 30 November. Talking about the top-5 listed real estate companies of the country, they have given returns of 71.3 percent to 106.7 percent during this period.

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