Posts filed under 'Real Estate & Construction'

Emaar MGF IPO gets extension

As expected by the market sources the IPO of the real estate firm Emaar MGF Land Ltd is extended to February 11, 2008.

The price range was initially put at Rs. 610-690 but was put down at Rs. 540-630. The lower band is further changed to Rs. 530 today. The recent jitters in the stocks markets due to the US recession has put hit the market the world over. With the BSE and NSE correcting a bit in recent days, Wednesday is believed to be the wrong day for the closing of the IPO.

The Real Estate Sectoral index on the BSE closed down by 2.40% losing 256.14 points.

Add commentFebruary 6th, 2008

News about DS Kulkarni Developers Limited

The media had reports that DS Kulkarni Developers Ltd. may enter into a joint venture with Capitaland to develop 60 acres land by setting up residential cum IT/ITES and retail complex.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

DS Kulkarni Developers Ltd. has vide its letter inter-alia stated,”The published information is only a source based information given by the media and is not given by the Company. The Company has nothing to say about the contents of news item except our denial of the same.”

Add commentOctober 5th, 2007

Market-wide Position Limit in PARSVNATH

NSE Press Release

The derivative contracts in the underlying PARSVNATH have crossed 95% of the market-wide position limit on June 12, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of PARSVNATH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentJune 12th, 2007

Market-wide Position Limit in PARSVNATH

NSE Press Release

The derivative contracts in the underlying PARSVNATH have crossed 95% of the market-wide position limit on April 19, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of PARSVNATH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentApril 19th, 2007

Real Estate Stocks overvalued?

Market observers of the Global markets feel that the Real Estate and housing stocks have been overvalued now. Real Estate stocks are the biggest sectoral losers in almost all markets, particularly in this correction phase. Quality of housing loans in the US and the ripple effect of SEBI keeping a watch on real estate stocks on one side, the correction hit banking industry on another apart from the downtrend followed by cement stocks have hit real estate and infrastructure industry.

Hence, investors and traders with real estate stocks needs to be extremely cautious, particular in this season.

Add commentMarch 22nd, 2007

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