Hot Pursuit     04-Dec-24
Oberoi Realty soars on bullish brokerage call
Oberoi Realty jumped 4.53% to Rs 2,152 after a foreign brokerage firm initiated coverage on the stock with a "Buy" rating and a price target of Rs 2,500.
The brokerage highlighted the company's robust pre-sales performance and strong cash generation as key drivers of future growth. It expects Oberoi Realty to embark on an aggressive business development strategy, with pre-sales projected to grow at a CAGR of 40% between FY24 and FY27. The brokerage also forecasts an impressive EBITDA margin of over 50%.

Oberoi Realty is a Mumbai based real estate development company. It is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure projects.

The real estate developer's consolidated net profit surged 29.05% to Rs 589.44 crore on 8.42% increase in revenue from operations to Rs 1319.89 crore in Q2 FY25 over Q2 FY24.

Previous News
  Oberoi Realty launches Oberoi Garden City Thane project
 ( Corporate News - 21-Oct-24   09:12 )
  Oberoi Realty schedules AGM
 ( Corporate News - 07-Jun-24   17:43 )
  Oberoi Realty Ltd Falls 3.55%
 ( Hot Pursuit - 13-Feb-25   09:30 )
  Oberoi Realty gains as Q4 PAT climbs 64% YoY to Rs 788 cr
 ( Hot Pursuit - 15-May-24   13:03 )
  Oberoi Realty consolidated net profit rises 61.12% in the March 2020 quarter
 ( Results - Announcements 15-Jul-20   08:01 )
  Oberoi Realty Ltd leads losers in 'A' group
 ( Hot Pursuit - 17-May-23   15:00 )
  DLF Ltd Slides 2.19%, S&P BSE Realty Index index Drops 1%
 ( Hot Pursuit - 01-Aug-23   09:45 )
  Mahindra Lifespace Developers Ltd Spikes 1.81%
 ( Hot Pursuit - 06-Jul-21   09:30 )
  Mahindra Lifespace Developers Ltd Surges 4.24%
 ( Hot Pursuit - 21-Nov-23   09:30 )
  Oberoi Realty consolidated net profit rises 8.98% in the March 2019 quarter
 ( Results - Announcements 11-May-19   16:53 )
  Oberoi Realty consolidated net profit declines 81.54% in the June 2020 quarter
 ( Results - Announcements 15-Jul-20   08:01 )
Other Stories
  SML Mahindra Q4 PAT rises 2% YoY to Rs 54 cr
  20-Apr-26   18:42
  Vedanta clears demerger plan, sets 1 May 2026 as record date
  20-Apr-26   17:50
  Interarch Building Solutions bags Rs 80-cr order for pre-engineered steel buildings
  20-Apr-26   17:10
  ICICI Bank ends higher after net profit rises over 8% to Rs 13,702 crore in Q4
  20-Apr-26   16:59
  Bank of Maharashtra posts strong Q4 FY26 earnings; PAT jumps 35% YoY
  20-Apr-26   16:55
  PNB Gilts clocks PAT of Rs 12.99 crore in Q4
  20-Apr-26   16:23
  Navkar Corporation reports turnaround Q4 numbers
  20-Apr-26   15:48
  Deccan Gold soars as Jonnagiri mine nears launch
  20-Apr-26   15:22
  Indian Energy Exchange Ltd leads losers in 'A' group
  20-Apr-26   15:00
  PNGS Reva Diamond Jewellery gains on strong Akshay Tritiya sales
  20-Apr-26   14:50
Back Top