03.01.2011 - India: Battered realty stocks may get respite
From Indiatimes.com: The fortunes of the real estate stocks moved in tandem with the broader markets during the pre-recessionary highs as well as the lows of the recession. However, now, when the Indian economy shows strong signs of recovery and the broader markets reflect this confidence, realty stocks seem to have been left out of the rally. In 2008, the BSE Realty index rose to its peak level of 13,647 on January 14. It sunk to its 2009 low of 1,304 on March 9 and has since only slightly risen to 2,856 as on December 31, 2010..............................................Full Article: Source
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