DLF, Macrotech Developers: Realty stocks remain resilient amid sell-off

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.

Shares of realty stocks are poised to stage a resilient comeback, with Sobha and Macrotech Developers registering their best-ever booking in the December ended quarter. Sobha added 22 per cent growth in Q3FY23 compared to its previous quarters, while Macrotech Developers posted 16 per cent rise in sales volumes.

In Q3FY23, among realty stocks, the best performing developers was Lodha which soared 18 per cent. DLF and Indiabulls Real Estate gained 5 per and 4.30 per cent each during the same period. 

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a