Lodha Developers share price gains over 4% on rate hike bets - Check how other realty stocks are performing today
New Delhi, Sept. 18 -- Realty stocks moved sharply higher on Friday, September 18, as investors weighed the possibility of tighter monetary policy in India following the US Federal Reserve's latest rate increase.
With expectations building around the RBI's October policy meeting, real estate counters saw renewed buying interest, led by Lodha Developers.
Lodha Developers jumped more than 4% on the BSE to Rs.1,148.50 per share, making it the top gainer in the index. The broader realty pack also traded in the green, indicating that the gains were not limited to a single stock.
Other realty stocks were also firmly higher in Friday's trade. Prestige Estates, DLF, Mahindra Lifespaces, Godrej Properties, Phoenix Mills and Sobha each gained mo...
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