Real Estate stocks to be driven by rate moves & launches, says HSBC
HSBC said, at the same time, investors are benefiting from the 'wealth effect', and the momentum of their recent property performance should keep the demand strong well into 2024. HSBC has maintained its 'buy' rating on real estate developers-Prestige Estates and Sobha, while putting a 'hold' on DLF and Godrej Properties and a 'reduce' on Oberoi Realty.
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