Realty Stocks Rally Ahead of Earnings; Godrej Share Price, Phoenix Mills, Oberoi Realty, Microtech Developers in Focus

Market Performance

The real estate sector witnessed a robust surge in early trade on April 30, with the Nifty Realty Index climbing over 3% to 897.90, marking its highest level in the past four sessions.

This uptrend comes amid heightened investor interest ahead of quarterly earnings from top realty players. The sector also found support from the auspicious occasion of Akshaya Tritiya, which traditionally sees increased property investment activity.

Main News

Several leading real estate stocks saw notable gains:

• Godrej share price jumped nearly 5%, reaching ₹2,197.
• Macrotech Developers share price surged 4.5%, hitting ₹1,345.9.
• Phoenix's share price was up almost 3%, trading at ₹1,676.
• DLF stock gained over 3%, trading at ₹679.
• Oberoi Realty's share price rose more than 2%, even after recent earnings.

Smaller gains were recorded in Sobha, Prestige Estates, and Brigade Enterprises, which rose between 1.7% and 2%. However, Anant Raj and Raymond traded slightly lower, defying the broader trend.

Company Details

Godrej Properties

• Earnings Date: May 2
• Share Price Movement: +5%
• Investors are closely watching Godrej ahead of its quarterly results, with the stock rallying on expectations.

Phoenix Mills

• Earnings Date: April 30
• Share Price Movement: +3%
• All eyes are on Phoenix Mills, which is preparing to report its Q4 performance.

Oberoi Realty

• Earnings Date: Already Announced (April 28)
• Net Profit: ₹433 crore in Q4FY25
• YoY Change: Down 45%
• Despite the drop in profit, the Oberoi Realty share price increased by over 2%, reflecting broader sector optimism.

Microtech Developers (Lodha)

• Earnings Date: April 24
• Net Profit: ₹921.7 crore in Q4FY25
• YoY Growth: +38.5%
• Dividend Announced: ₹4.25 per share
• Share Price Movement: +4.5%

Summary

The Indian real estate sector gained strong momentum on April 30, with the Nifty Realty Index jumping over 3% amid positive sentiment. Leading players like Godrej Properties, Phoenix Mills, Microtech Developers, and Oberoi Realty led the rally ahead of key earnings announcements.

Increased investor activity and the festive boost of Akshaya Tritiya added to the buying momentum. Stocks like Godrej's, Phoenix's, Oberoi Realty's, and Macrotech Developers' share prices are expected to remain in focus in the coming sessions as earnings unfold.