Real estate stocks suffer heavy losses  
24 Oct 08, 10:27pm

Construction stocks are the biggest losers in today’s market plunge. Realty index plunged 24.39% as investors worried about low sales, decreasing land value and low liquidity.

Unitech lost 49.68% in today’s trading, a steep fall from 61.6 to 31. So far this year Unitech have lost 94.24% from its all time high of 538 on 2nd January 2008 and 82,347 crore in market value.

IVRCL Infra (-29.36%), Orbit Corporation (-24.55%), DLF (-23.67%), Parsvnath (-21.66%), Lanco Infratech (-20.45%) and Hindustan Construction (-18.98%) are other major losers in today’s carnage.

In terms of percentage Orbit corporation is the biggest loser. It lost -95.16% in last nine months when it fell to an all time low today (50.55) from its peak (1044.40) in January.

Orbit Corp (-95.16%), Unitech (-94.24%), Madhu Constructions (-93.63%), Parsvnath (-92.19%), DS Kulkarni (-91.11%), HDIL (-90.15%) and Subhash Projects (-90.05%) are the top losers in this sector.