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Nifty Realty jumps 6%, hits fresh 52-week high; Sobha, Brigade, Lodha jump 7-19%
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Macrotech Developers (Lodha) jumped between 7 to 19 per cent and traded among the top gainers in the index at that time. Amidst a generally positive market sentiment and widespread upward movements across various sectoral indices, the Nifty Realty index notably stood out Thursday morning, demonstrating remarkable outperformance compared to its counterparts on the NSE.
The realty index has been on a strong uptrend in the last one year. The Nifty Realty index has jumped about 94 per cent in the last one year with stocks such as Prestige Estates Projects and Sobha surging almost 180 per cent and 120 per cent respectively.
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