PSU banks are still an avoid, said Nishcal Maheshwari because recapitalisation may not help them come back strongly and will continue to lose market share.
Real estate is in focus as a Knight Frank report indicates that real estate launches crash to the lowest level in seven years in the first half of 2017 whiles sales volumes are down to the lowest in five years. In an interview to CNBC-TV18, Gulam Zia, Executive Director of Knight Frank spoke at length about the sector.
Sobha posted a good operational performance as expected in Q1 with positive cash flow and a strong income statement. In an interview to CNBC-TV18, JC Sharma, VC & MD of Sobha discussed the company's Q1 performance.
The Real Estate Regulation Act (RERA) came into force from April 1 with a promise of protecting the right of consumers and ushering in transparency.
RERA could bring in consolidation in the industry because many small developers may not have processes and resources to take on the challenges that it will throw at them, said Shubham Jain, VP & Sector Head, ICRA.