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Economic Times
2 days ago
- Business
- Economic Times
RBI MPC impact: DLF shares jump 7% amid euphoria in realty stocks
DLF shares surged 7% on Monday, hitting Rs 882.80, as real estate stocks rallied after the RBI slashed the repo rate by 50 bps to 5.5%. The Nifty Realty index jumped 4.6%, with most constituents in the green. DLF also reported a 39% YoY rise in Q4 net profit to Rs 1,282 crore, backed by strong revenue growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of DLF jumped 7% to hit the day's high of Rs 882.80 on NSE on Monday, riding the overall euphoric trend in realty stocks after a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in its June monetary policy, which concluded stocks, known to be sensitive to interest rates, rallied after the RBI's rate cut, as banks are expected to pass on the benefit to borrowers, resulting in lower EMIs on home Nifty Realty index, which tracks the top 10 real estate stocks, surged 4.6% to hit the day's high of 1,038.85. It was the best-performing sector of the day, with 9 out of 10 stocks trading in the from DLF, Godrej Properties was another top gainer, rallying 7%. Prestige Estates Projects Brigade Enterprises , The Phoenix Mills, and Anant Raj rose between 0.5% and 6%.Manju Yagnik, Vice Chairperson of Nahar Group and Senior VP of NAREDCO's Maharashtra chapter, said the cut is both strong and timely amid early signs of demand moderation in the residential sector."Lowering the repo rate to 5.5% will have a cascading effect across the lending ecosystem, bringing home loan interest rates well below 7.75% — a highly encouraging development for both existing and prospective homebuyers," Yagnik added. DLF shares have delivered nearly 6% returns so far this year and over a 1-year period, underperforming the Nifty, which returned 5% and 9% in the same respective Gurugram-based realty major reported a 39% YoY jump in net profit in Q4FY25 to Rs 1,282 crore, compared to Rs 921 crore a year ago. The profit is attributable to the owners of the company. Revenue from operations stood at Rs 3,128 crore, up 46% from Rs 2,134 crore in the same period last (QoQ), profit after tax (PAT) rose 21%, compared to Rs 1,059 crore in Q3FY25, while the topline jumped 105% over Rs 1,529 crore in the previous quarter.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
2 days ago
- Business
- Time of India
RBI MPC impact: DLF shares jump 7% amid euphoria in realty stocks
Shares of DLF jumped 7% to hit the day's high of Rs 882.80 on NSE on Monday, riding the overall euphoric trend in realty stocks after a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in its June monetary policy, which concluded today. Realty stocks, known to be sensitive to interest rates, rallied after the RBI's rate cut, as banks are expected to pass on the benefit to borrowers, resulting in lower EMIs on home loans. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Photos Captured the Exact Wrong Moment Read More Undo The Nifty Realty index, which tracks the top 10 real estate stocks, surged 4.6% to hit the day's high of 1,038.85. It was the best-performing sector of the day, with 9 out of 10 stocks trading in the green. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Apart from DLF, Godrej Properties was another top gainer, rallying 7%. Prestige Estates Projects , Oberoi Realty , Sobha , Macrotech Developers , Brigade Enterprises , The Phoenix Mills, and Anant Raj rose between 0.5% and 6%. Manju Yagnik, Vice Chairperson of Nahar Group and Senior VP of NAREDCO's Maharashtra chapter, said the cut is both strong and timely amid early signs of demand moderation in the residential sector. Live Events "Lowering the repo rate to 5.5% will have a cascading effect across the lending ecosystem, bringing home loan interest rates well below 7.75% — a highly encouraging development for both existing and prospective homebuyers," Yagnik added. DLF shares have delivered nearly 6% returns so far this year and over a 1-year period, underperforming the Nifty, which returned 5% and 9% in the same respective periods. The Gurugram-based realty major reported a 39% YoY jump in net profit in Q4FY25 to Rs 1,282 crore, compared to Rs 921 crore a year ago. The profit is attributable to the owners of the company. Revenue from operations stood at Rs 3,128 crore, up 46% from Rs 2,134 crore in the same period last year. Quarter-on-quarter (QoQ), profit after tax (PAT) rose 21%, compared to Rs 1,059 crore in Q3FY25, while the topline jumped 105% over Rs 1,529 crore in the previous quarter.
