Wednesday, June 25, 2008

Nearly all Indian real estate stocks hits new life time lows since last two-three weeks

Even recently listed real estate IPOs have slipped below their issue price. Today Housing Development and Infrastructure, HDIL also joined that group, touched a low of Rs 486.05, which is 2.79% below its issue price of Rs 500.

80% stocks listed in real estate stocks (IPOs) are trading below issue price, which includes Brigade Enter, Puravankara Proj, Parsvnath, Kolte-Patil, Omaxe, Sobha Developer, DLF and HDIL.
Moneycontrol India: HDIL slips below IPO price; DLF, Omaxe at life-time low :

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