Real estate stocks today rose by as much as 8 per cent as the initial public offering of realty giant DLF, the countrys largest IPO, was subscribed over 65 per cent within three hours of its opening.
Shares of Unitech, so far the countrys largest realty firm in terms of market capitalisation, rose by nearly 4 per cent to Rs 524.90 while stocks of Parsvnath Developers soared by 3 per cent to Rs 329.70, latest data on the BSE show.
As the news of Qualified Institutional Buyers queueing up to subscribe to the issue of the Gurgaon-based company spread, shares of almost all major players in the sector zoomed as investors transacted on an average two lakh shares per stock.
More : hindu.com
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