The real estate market has risen post-pandemic and is expected to continue prevailing till FY23. It is because the industry is backed by a strong foundation, gain in demand, and lowered home loan rates. It is safe to say that FY 23 will be a fiscal year that the real estate sector has been hoping for quite some time. In our last month's blog about realty stocks, we discussed about how the real estate stocks experienced a fall, but with steady growth in economic recovery, the stocks have also started to rally again. In continuation of the same blog but with the latest news, we present you with the top real estate stocks that are performing tremendously well.
1. Indiabulls
Before knowing the Indiabulls' share price, let’s first look at the background of Indiabulls Housing. The organization is an India-based housing finance company and is actively engaged in providing finance to businesses, people, cooperative societies, associations, institutions, real estate developers, contractors, tenants, and others. Indiabulls also offer home loan for Indian residents, NRIs, and Micro, Small, and Medium Enterprises Loans. Mr. Rajiv Gandhi is the managing director of the company. India bulls' real estate share became a highlight in February 2022 when ED raided Indiabulls Finance Centre. Later Indiabulls share price fell by 10%.
2. Jaypee Infratech
Often known as JP Infra was incorporated in 2007. The organization is based on the infrastructure development of the Yamuna Expressway and related real estate projects. Japyee Infratech was founded in 2007 by Jai Prakash Gaur and had its headquarters in Noida. If you wish to buy JP Infra share, you will need a demat account and KYC documents. The JP Infra share price keeps changing throughout the day because of different factors. As of 31st May 2022, their share price is Rs 2.55. And the market capitalization is Rs 354 Crore.
3. Crompton
Crompton Greaves Consumer Electricals operates through two segments- ECD and lighting. They prepare an array of lighting products. In India, the organization works by the brand name Crompton. The company was founded in 2015, and the current Managing Director is Mr. Shantanu Khosla. The Crompton share prices change according to the market conditions. As of 1st June 2022, the closing price is Rs 362.25, and the PE and PB ratio is 30 and 0.11, respectively. The market capitalization of Crompton is Rs 22,902 Crore as of 31.05.22.
4. D B Realty LTD
The organization is based on real estate development and has a reputation for providing excellence through quality. Company's domain ranches from lavish villas to some elite malls in the country and not to mention new exciting projects are on the way. D B Realty covers the residential projects which cater to customers across all incomes. Whereas for commercial projects, they build and sell office space. As of 1st June 2022, the D B realty share price experienced a hike and currently is Rs 73.85, which is an increase of 4.98% from the previous DB realty share price, which was Rs 67. The DB Realty share market cap is Rs 1,796.47 Crore and ranks 18. The PE ratio of the organization is 66.72, and the Price to Book ratio is 1.36. FY ending total income was Rs 266.51 Crore, and profit was Rs 26.93 Crore.
5. SHIL
SHIL stands for Somany Home Innovation Limited, which operates through three segments, i.e., consumer appliances business, retail business, and building products. The company reported a revenue of Rs 451.44 crore in the financial year 2019-20. The brand name of the SHIL is Evok, and it is involved in the retail sale and distribution of wood furniture, soft furnishings, home decor, fashion, sanitary ware, and accessories. The SHIL share price as of 01.06.22 is Rs 322.5.