Real Estate

Pratibha Industries Bags Order, Stock Climbs 4%

Pratibha Industries Ltd.
At 10 am, Pratibha Industries is hovering near Rs 270, up Rs 10.50, or 4.05% on the Nifty. It touched an intraday high of Rs 274 and an intraday low of Rs 262.10 during the day.

The company has bagged order worth Rs 137.7 crore.

Sobha Developers weak Despite Strong Quarterly Numbers

Sobha Developers
Sobha Developers came down 2.18% to Rs 795 in afternoon trading despite registering a 141.42% increase in net earnings in Q1 June 2007. The quarterly results were declared during the market hours today.

Stay Invested in DLF to Reap More Money

DLF GroupRahul Mohindar of Viratechindia is of the view that DLF can move upto Rs 620-630.

Mohindar narrated, “GMR Infra certainly has broken out of Rs 850 but what I would caution is unless this stock really closes once or twice over Rs 850, we really can’t call this a breakout. So we need to see this stock really holding up on a closing basis.”

He further added that the stock too is optimistic at these levels, and the investors don’t see much downside there. There is very big support at about Rs 560, obviously this is a temporary call and the stock can lift up about Rs 620-630 level. And that’s where the investors expect some selling pressure.

Simplex Projects Ends With 47% Premium

Today the equity shares of Kolkata-based integrated infrastructure player Simplex Projects were listed at Rs 323.75 or 75% premium to its issue price of Rs 185 on the BSE.

During the day, the scrip touched an intraday high of 323.75 and low of 266.70. Lastly, the company’s shares closed at Rs 272.05, an increase of 47%.

There were 6,719.672 shares for trading on the BSE counter.

DLF Looks Levelheaded - Sharmila Joshi

Sharmila JoshiDLF group of Asit C Mehta is of the vision that DLF is looking sensible at this height.

“Real estate died down a bit, in fact perhaps when you first saw DLF correct last week that when we saw really buying coming in because suddenly it looked attractive going close to its IPO price. But now today when its really quiet close to its IPO price of about Rs 578-579 whatever level it was” she said.

Realty Sector May Outperform

Dipan Mehta, Member, BSE/NSE is of the view that realty segment is likely to do something to a greater degree.

Property Sale Freshens Up Gillette India

Gillette appended 2.48% to Rs 936 during the afternoon trades accompanying its property sale at Gurgaon, India, for Rs 72.75 crore.

The scrip’s intraday high was Rs 950 and low Rs 930 during the day.

The scrip had 2,063 shares for trading on the BSE counter. In the last four month period, the scrip had an average daily volume of 1,468 shares.

DLF Among Highest 10 Co’s In M-Cap Chart

DLF GroupIn spite of its lackluster debut, DLF has got into the group of top 10 market-cap companies.

In early trade, DLF’s market capitalization was Rs 93719.71 crore. Ahead of ICICI Bank and State Bank of India (SBI), DLF emerges as the eight biggest Indian companies in terms of market capitalization.

DLF has also become the first realty business firm to enter the list of top 10 market-cap companies.

C & C Constructions Shoot Up On New Order

C & C constructionsC & C constructions trading up 2.04% to Rs 209.60 after its combined deal secured a Rs 400-crore road pact in north India from the National Highways Authority of India.

The scrip touched a high of Rs 214 and a low of Rs 200.15 during the day. On BSE, 1.75 lakh shares of the scrip were traded. In the last one quarter, the stock had an average daily volume of 81,195 shares on BSE.

Sophisticated Standard Of Living

The presence of number of projects offering comfortable living to residents has made Noida and Greater Noida as the chosen destination for superior lifestyle in the National Capital Region. Grand Venezia International Mall by the Bhasin Group, Czar Suites by Supertech and internationally designed township developed by Omaxe are few of the numerous projects lined up for Greater Noida offering easy connectivity to the capital via the expressway.




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