Stock analyst SP Tulsian of sptulsian.com explains to CNBC-TV18 that realty stocks have begun to attract attention on monetisation and consolidation of assets. He is positive on Coal India which is expected to meet current demand and will not be affected by the penalty imposed.
Despite fairly tight liquidity conditions in the last couple of months, there have not been too many instances of mid and small cap companies borrowing money by pledging shares with non-banking financial companies (NBFCs).
The debt reduction drive of India's top real estate companies have gone off track, reports CNBC-TV18's Priyanka Ghosh.
SP Tulsian of sptulsian.com tells CNBC-TV18 that real estate companies and the smaller retail stocks are names investors should avoid in the market.
Many reports are mapping the impact of the newly proposed land acquisition bill on real estate companies. Aatash Shah, real estate analyst at Nomura has authored such a repot. Speaking to CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Shah said, low cost housing is likely to be affected adversely due to this bill.
Shares in infrastructure, construction and real estate companies tumbled on Tuesday as the market mulled a series of poor results reported by major firms over the weekend and rising debt levels hit investor confidence.
The April-June quarter is unlikely to spell any cheer for real estate companies, whose stocks have been underperforming the market for a while now. Soaring interest rates have hit real estate companies on two fronts: it has pushed up their borrowing costs and at the same time, prompted many potential buyers to defer their purchases.
Anil Kumar Sharma, Chairman of the Amrapali Group joins CNBC-TV18 to discuss the implications of this ruling on their business and the sector as a whole
The Reserve Bank of India has asked banks to set up escrow accounts while extending loans to real estate companies, according to The Economic Times. The central bank is asking banks to put an escrow mechanism in place which will keep a check on the end use of funds given by banks to real estate firms.