Realty stocks surge amid interim budget announcement

Realty stocks surge amid interim budget announcement
PTI
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First Published: Mon, Feb 16 2009. 11 55 AM IST
Updated: Mon, Feb 16 2009. 11 55 AM IST
Mumbai: Shares of realty firms on Monday shot up significantly following major emphasis of the interim budget on real estate and hospitality sectors.
Real estate major DLF surged to a high of Rs176.70, up 4.42% in the pre-noon trade on the Bombay Stock Exchange.
While, Unitech advanced over 3% to Rs32.90 following the announcements of the interim budget by stand-in finance minister Pranab Mukherjee in Parliament.
Mahindra Lifespace was the biggest gainer and zoomed up as much as 37% to Rs169 in the intra-day trade.
Sobha Developers gained as much as 5.57%, Parsvanath Developers rose 7.19%, Omaxe rose 7.76% and HDIL was up 4.91% on the BSE.
The 14-share BSE realty index gained 3.68% at 1,650.88 points following the movement of the heavyweight realty stocks.
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First Published: Mon, Feb 16 2009. 11 55 AM IST