The Indian Realty Stocks have been decaying like a Radio Active material where they halve again and again. Will it ever stop ? We conducted a research and over the last 10 months most have been decayed by 3 halves – x becomes x/2 and then x/4 and then x/8. Here is the complete list of Real Estate losers.
Name of the Company – 52 Week High and Current Price [Also its 52 week Low]
Anant Raj – Rs 395 – Rs 46
Ansal Infra – Rs 470 – Rs 38.85
Bombay Dyeing – Rs 1,065 – Rs 196
Brigade Enterprises – Rs 428 – Rs 46.10
DLF – Rs 1,225 – Rs 232
HDIL – Rs 1,120 – Rs 112.10
IndiaBulls Realty – Rs 847 – Rs 101
IVR Prime – Rs 480 – Rs 39
Jai Corp – Rs 1,450 – Rs 94
Mah life – Rs 907 – Rs 168
Mundra – Rs 1,324 – Rs 328
Omaxe – Rs 613 – Rs 54
Orbit – Rs 1,080 – Rs 65
Parsvnath – Rs 598 – Rs 41
Peninsula – Rs 167 – Rs 21
Purva – Rs 520 – Rs 48.50
Sobha – Rs 1,041 – Rs 91.70
Unitech – Rs 546 – Rs 42.75
In a related move , DLF is getting out of its SEZ project and the Government of Karnataka has started an investigation into Mukesh Ambani / Gandhi’s backed SKIL’s – Sea King Infrastructure Ltd Nandgudi SEZ in Bengaluru / Bangalore.