Prestige Estates board has approved the proposal to raise Rs 5,000 crore through QIP (qualified institutional placement), the company said in a regulatory filing.
DLF stock has doubled investors' money in the last year, surging around 104 percent. In comparison, benchmark Nifty has rallied 20 percent during this period.
Talking about the realty stock Ansal Housing, SP Tulsian of sptulsian.com said that the long-term looks positive for the stock. Moreover, he holds a positive view on PTC, PFC and REC with a long-term view.