16.08.2010 - India: Should real estate stocks still be shunned?
From Thehindubusinessline.com: Avidly chased in 2007 and unceremoniously dumped in 2009 this best describes the market's relationship with real estate stocks. From massive IPO subscriptions and lofty double-digit valuations afforded to companies in this space in 2006-07, the real estate sector has now been exiled from institutional portfolios, with many fund managers guardedly declaring they do not hold any real estate stocks. A 6 per cent decline in sales and 40 per cent decline in net profits for about 30 mid and large-cap real estate companies in 2009-10 may only seem to reinforce the market's apathy to the sector...........................................Full Article: Source
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