Realty, Ceramics Q3 Earnings Preview: Strong Growth In Sales Volumes; Prices Still Stressed, Says Nirmal Bang
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Nirmal Bang Report
Companies reported strong pre-sales, implying that problems related to raw material availability and labor migration have started to fade. While the pre-sales for companies have been encouraging to a certain extent, the distress in realizations is expected to continue.
The retail segment was one of the worst affected segments due to Covid-19 for the real estate companies.
Retail assets in certain states resumed operations in the initial months of Q2 FY21, with only select category of stores remaining open.
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