Macrotech, Godrej Properties, DLF, other real estate stocks jump up to 5% to lead market recovery

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26 Aug, 2025 12:21

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The shares of real estate companies recorded massive gains on March 11, leading the mid-day recovery seen in the Indian markets. The rally in the stock prices pushed the Nifty Realty index higher by nearly 3 percent to stand at 823 points, snapping its 3-day losing streak. The sectoral index is currently the top gainer among its peers on NSE.

Macrotech Developers (Lodha) shares were the top gainers among the pack, rising over 5 percent to trade at Rs 1,133 apiece. The shares recorded massive gains after the company signed a deal to acquire a 3.4-acre land parcel in Mumbai's Jogeshwari West from Unichem Laboratories for over Rs 279 crore.

The shares of Phoenix Mills followed, rising over 4 percent to trade at Rs 1,617 apiece. The stock is currently over 33 percent higher than its 52-week low of Rs 1,215 per share which it had hit in March last year. Its 52-week high is Rs 2,069.

Heavyweights Godrej Properties and DLF followed, jumping over 3 percent each. Godrej Properties shares were trading at Rs 2,036 apiece, while those of DLF were trading at Rs 667 apiece. Oberoi Realty meanwhile was trading nearly 3 percent higher at Rs 1,563 per share.

Sobha Realty shares were also trading in the green with marginal gains at Rs 1,215 apiece.

Despite the strong uptick in the index, few stocks bucked the trend to trade in the red. Mahindra Lifespace Developers Limited was the top loser in the pack, dropping over 3 percent to trade at Rs 311 per share. Raymond shares meanwhile fell nearly 2 percent to trade at Rs 1,257 apiece.

The shares of Brigade Enterprises and Prestige Estates Projects were trading in the red with minor losses.

Notably, Nifty now stands flat at 22,446, recovering over 100 points after hitting an intraday low of 22,315. Sensex meanwhile rebounded over 300 points to hover around 73,978.