Raymond Realty, Brigade Enterprises, and The Phoenix Mills Share Price Rise as Nifty Realty Index Snaps 6-Day Losing Streak

Market Performance

The Nifty Realty index finally broke its six-session losing streak on Friday, climbing 0.97% during the day. This comes after a significant 6% drop in the previous trading days.

The recovery was driven by value-buying in select real estate counters, with Raymond Realty, Brigade Enterprises, and The Phoenix Mills emerging as the top gainers.

Main News

• Raymond Realty surged by 5%, hitting the upper circuit at ₹926.20 on the NSE.
• This sharp rise follows its recent listing post-demerger from Raymond Ltd, part of a restructuring to unlock value.
• On July 2, Negen Capital Services Pvt Ltd acquired 3.89 lakh shares (or a 0.58% stake) in Raymond Realty through a bulk deal.
  • Average acquisition price: ₹921.12 per share

Meanwhile, Brigade Enterprises saw its share price rise by 1.88%, while The Phoenix Mills gained 1.82% during the session.

Other notable movements:

• Godrej Properties and DLF saw marginal gains of up to 0.5%.

Company Details

Raymond Realty

• Share Price Movement: +5%
• Closing Price: ₹926.20
• Recent Activity: Bulk deal by Negen Capital (3.89 lakh shares)
• Event: Post-demerger listing from Raymond Ltd

Brigade Enterprises

• Share Price Movement: +1.88%

The Phoenix Mills

• Share Price Movement: +1.82%

DLF & Godrej Properties

• Share Price Movement: Up to +0.5%

Broader Market Summary

India's benchmark indices opened higher on the back of strong global cues and buying in the banking sector, but ended flat due to cautious sentiment.

• Sensex (Early Trade): +67.34 points to 83,306.81
• Nifty (Early Trade): +23.55 points to 25,428.85

However, both indices turned range-bound by mid-session:

• Sensex (Closing): -13.55 points at 83,221.65
• Nifty (Closing): -4.15 points at 25,400.40

Summary of the Article

The Nifty Realty index finally staged a recovery after nearly a week of losses, helped by value buying in major real estate counters.

Raymond Realty, post its demerger, was the standout performer, closing at its upper circuit limit.

Brigade Enterprises and The Phoenix Mills also saw solid gains, contributing to the sector's overall rebound.

Despite early gains in broader markets, caution ahead of a potential India–US trade agreement led to subdued closing figures for both the Sensex and Nifty.