Realty bites! Raymond, Mahindra Lifespace among stocks that fell up to 27% in 6 months. Is the sector losing its mojo?

Indian realty stocks have seen a recent correction despite strong Q2 earnings and a positive outlook for H2FY25. Factors like subdued launches in Q1, profit booking, and market volatility have impacted the sector. While a rate cut could trigger a re-rating, it appears unlikely in the near term. The sector remains promising with strong launches planned for H2FY25 and a positive outlook for the Indian economy.