Raghunandan Money – Investment Khushiyon Ka.

5 top players in Indian real estate market

Published : August 21, 2017

5-Top-Players-in-Indian-Real-Estate-Market

Indian Real estate sector is one of the most vital sectors of Indian economy due to its huge effect on the economy. Any impact on real estate sector directly affects economic growth. It is the second-largest employment-generating sector after agriculture in India. This sector is divided into four sub-sectors housing, retail, hospitality, and commercial.

Key Facts of Indian Real Estate Sector

The Indian real estate market is expected to touch US$ 180 billion by 2020. The housing sector alone contributes 5-6 percent to the country’s Gross Domestic Product (GDP). In the period FY 08 – 20, the market size of this sector is expected to increase at a Compound Annual Growth Rate (CAGR) of 11.2 percent.

Retail, hospitality and commercial segments are also growing significantly, providing the much-needed infrastructure for India’s growing needs. Private Equity (PE) investments from foreign funds in the Indian realty market increased at a Compound Annual Growth Rate (CAGR) of 33 per cent to US$2,220 million in the year ending December 2015.

Deal sizes have also increased in 2015, and residential projects both luxury and affordable have attracted a substantial amount of capital.

Performance of top players of Indian real estate sector

HDIL, India bulls Real Estate Limited, Delta Corp and Unitech are top companies of this segment in India. The share price of DLF has increased by more than 40% compared to the previous year in the same period. HDIL has gained more than 18% in last one year.

Delta Corp has increased by 26.73% in previous year. India Bulls has gained by more than 46% from previous year.

However, Unitech has shown the slight decline in last year, it dropped by more than 5% from last year in the same period. A quick summary of financial parameters for these is shown below:

Indian Real Estate Sector Perfomance

Technical analysis of top Indian real estate players

Unitech

Currently, it is trading at 7.2 levels. On the weekly chart, it was found trading above both 20 and 50-period simple moving average. Its major technical indicator RSI is moving down from the overbought zone.

A resistance is at 10.40 levels at Fib Extension level 261.80%. If it breaches above resistance then next strong resistance would be at 12.90 levels at Fib extension level 361.80%.

A support is at 5.7 levels at 78.6% Fib extension level. If price breaks above support the next strong support would be at important Fib extension level 61.80% at 5.2 levels.

Sustaining above 7.80 levels may increase the chances of bullishness in the stock towards 10.40 levels. A support is placed at 5.7 levels. Stock performance for Unitech.

HDIL

It is currently trading at 100.10 levels. On the weekly chart, it is trading above both 20 and 50-period simple moving averages.

Its major technical indicator RSI is moving down from the overbought zone. A resistance level is at 109.30 levels at 38.20% Fib retracement level. If price breaks above resistance then next strong resistance would be at 122.30 levels at Fib retracement level 23.6%.

A support level at 98.70 levels at Fib retracement level 50%. If price breaks above support the next strong support would be at 88.25 levels at Fib retracement level 61.8%. Stock performance for HDIL.

DLF

It is currently trading at 159.25 levels. On the weekly chart, it is trading above both 20 and 50-period simple moving averages.

Its major technical indicator RSI is in overbought zone. A resistance is at 176.75 levels at Fib retracement level 38.2%.

If price breaks above resistance then next strong resistance would be at 201.50 levels at 23.6% Fib retracement level.

A support level is at 136.75 levels at important Fib retracement level 61.80%. The twenty-period simple moving average is also providing support at the same level 136.75. The stock performance of DLF.

Delta Corp

It is currently trading at 94.40 levels. It is trading above both 20 and 50-period simple moving averages.

Its major technical indicator RSI is near overbought zone. A resistance level is at 98 levels at Fib retracement level 38.2%. If it breaks above resistance then next strong resistance would be at 109.50 levels at 23.6% Fib retracement levels.

A support level is at 88.70 levels at 50% Fib retracement level. If price breaks above support then next important support would be at Fib retracement level 61.80% at 79.40 levels. The fifty-period simple moving average is also providing support at 79.40 levels. The stock performance of Delta Corp.

Indiabulls Real Estate Ltd.

It is currently trading at 91.15 levels. It is trading above both 20 and 50-period simple moving average. A support is at 87.40 levels at 141.40% Fib Extension level. If it breaks above support then next strong support would be at 82.90 levels at 127.20% Fib extension level.

A resistance level is at 93.90 levels at 161.80% Fib extension level. If it breaks above resistance then next strong resistance would be at 106 levels at 200% Fib extension level. The stock performance of India Bulls Real Estate.


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