Dear Members,
Market is making new yearly highs and with the speed its moving up it seems quite obvious it may break all time high.
Today was the day for Real Estate and Metals which was roaring and seems right in their move. After consolidating for a long time these stocks have started moving up and may be in coming weeks they can appreciate more. With the outlook of real estate stable and notching upwards I feel that they should do well in coming weeks.
Happy Investing !
Nitin
I read a news today that average property(flat) rate in Mumbai is Rs.2 crore, which is quite high. I don't think that there may not be many buyers of property at this rate. Almost 60% of Mumbai's population lives in slums and most of the remaining falls in working class, whose salary won't be more than Rs.10 Lakh. Keeping this picture in mind, are the gains in realty stocks justified?
ReplyDeleteThe current rise in real estate prices has still not been factored in the prices of stock of the companies holding it., going by the pace with which the rates are appreciating I expect a decent run in Realty Stocks in market as because there is arbitrage between stock prices and prices of Flats or plots in India...
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