Stocks to buy: DLF among 5 real estate firms on which Nomura remains bullish

Real estate stocks experienced significant fluctuations this week, with Nomura indicating that India's real estate market's listed companies' performances aligned with their expectations despite the volatile first quarter of FY27 due to the Middle-East conflict. Prestige Estates was identified as Nomura's top choice among the real estate sector's stocks, with its shares increasing over 2% in a week but dropping around 5% in one month, resulting in a 1% gain for the year.

Nomura also endorsed DLF, keeping a 'Buy' rating, although the stock declined 2% over the year and 2% this year. Oberoi Realty, another firm favored by Nomura, saw its shares rise over 2% last week and 11% so far in 2026, with a longer-term gain of 41% in three years and 120% in five years. Lodha Developers had a slight decline over the past week but gained more than 3% in one month and 15% in 2026, standing at a 4.5% loss in one year but a 76% gain in three years and 190% in five years.

Aditya Birla Real Estate's shares dropped over 3% in a month and 17% in 2026, with the stock being down 23% in one year but delivering positive returns of 43% in three years and 82% in five years. However, Nomura maintains a 'Hold' rating on the shares of Godrej Properties, which have risen over 2% in a week but fallen over 6% in one month, with a longer-term gain of 31% in three years and 37% in five years.