1 / 7The Nifty Realty Index is down close to 5% in today’s trading session. The index has now declined 20% from the peak, which it had made on June 18 last year. A correction of over 20% from the peak means that the index has slipped into a bear market. These are some of the top losers on the Realty index since the June 18 peak:
2 / 7Sobha | The Bengaluru-based real estate developer has declined close to 40% from its peak and is the worst performing stock on the Nifty Realty index since June 18 last year.
3 / 7Mahindra Lifespace | The second-worst performing stock on the Nifty Realty index, shares of Mahindra Life have declined 35% from the time the Realty index had hit a record high in June last year.
4 / 7Prestige Estates | The other Bengaluru-based real estate major features among the third-worst performing stock on the index, having declined 26% from the index peak in June last year.
5 / 7Godrej Properties | The Mumbai-based real estate developer is also among the worst performing stocks on the Realty index, and similar to Prestige Estates, has also declined by 26% since June 18.
6 / 7Some of the other underperformers on the Nifty Realty index since June 18 last year include Macrotech (Down 25%), Brigade Enterprises (Down 21%), Phoenix Mills (Down 20%) and DLF (Down 18%).
7 / 7Oberoi Realty | The only stock that has bucked the trend over the last seven months is Oberoi Realty, which is the only stock on the Realty index that has not declined since the index made a record high in June last year. Shares of Oberoi Realty is up over 7% during this period.
