Real Estate Gains Momentum

In the context of relentless cyclicality in the markets, one investor’s meat is another investor’s poison. The flux has now taken a toll on the banking and financial services industry (BFSI), which was till recently the cynosure of all eyes. BFSI’s prime status has been usurped by the likes of real estate. The latter, incidentally, was considered a no-go area just a few quarters ago. Trends pertaining to the decline and bounce-back are captured in the recent performance of sectoral indices, reveal National Stock Exchange (NSE) figures. While the financial services sector, represented by the 20-share Nifty Financial Services Index, has delivered a mere 9.71 per cent in the past year, Nifty Realty, which has 10 stocks, has yielded a much higher 39.09 per cent (12-month period ending March 2022). The situation, it is felt, will now prompt a discreet round of value-buying...