Realty stocks on the rise: Sobha rises 16%; Macrotech, Godrej rally
Nifty Realty Index surges over 6% and touches fresh all-time high of 834.45
Nifty Realty Index surges over 6% and touches fresh all-time high of 834.45
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
After growing strongly for two years straight, real GDP growth to decelerate to 5.2% YoY in FY24, while nominal GDP to weaken sharply to 7-7.5%, says the broking firm.
Since the govt has already released 72% of its full-year budgeted allocation, it may have to allocate more funds in the range of ₹20,000 cr to ₹30,000 cr under MGNREG in FY23, says the report.
Analysts at Motilal Oswal have initiated a ‘buy’ coverage on the stock with a target price of ₹750 per share amid earnings optimism and improvement in the overall health insurance industry.
Market maven Motilal Oswal expects Indian markets to remain strong in 2020, notwithstanding headwinds. He sees opportunities for long-term wealth creation.
Though caught in a complex web of challenges—liquidity crunch, flagging consumer spend, and realignment with new reforms—hope floats for the realty sector.
RIL, HDFC Bank, and TCS together created ₹13 trillion in wealth, says Motilal Oswal’s 24th Annual Wealth Creation Study 2019 released last night.
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
Motilal Oswal started as brokers and proprietary investors when the market was like the wild west. Nearly three decades later, the founders have built it into one of India’s leading broking businesses