Real Estate stocks majorly beaten! where are they headed???

I have been specifically tracking the bigger realty players and the strange part is that HDIL has lost over 40% in the last 20 days whereas the rest of the pack is down by about 10% only. My best bet, Akruti City is up by a 2% :), outperforming the realty stocks and the sensex as a whole . Even DLF has taken a beating despite the buyback offer at Rs 600, with the stock down by 12% to Rs. 481. Any ideas on whats happening with HDIL??Most of the brokerage houses are very bullish on HDIL (in the real estate space) and this comes as a major surprise to me.


Taking a look at the 150 day moving averages for the bigger real estate players, it is evident that none of the stocks are anywhere close to those prices currently. Even for the 50 dma, only Akruti (by 2 Rupees) and DLF (by 5 rupees) is above the 50 DMA price. The others are dangling way below these averages. They are obviously way off the 200 DMA!! Where is the market headed.

Take a look at the 52 week highs and lows of these real estate stocks!! Its mindblowing. Most of the stocks are down by over 60% and near their 52 week lows.

Any guesses where the stocks are headed with the inflation rates expected to be near 13% by September and another rate hike by the RBI. Its anybody's guess where realty stocks are going to be in September!