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Hot Pursuit
04-Dec-24
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Oberoi Realty soars on bullish brokerage call
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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.
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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.
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Previous News |
Oberoi Realty
(
Results
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Analysis
17-May-23
08:17
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Oberoi Realty to develop land at Bandra Reclamation under slum rehabilitation scheme
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Corporate News
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11-Jan-25
12:51
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Oberoi Realty reports strong Q4 operational updates
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Hot Pursuit
-
21-Apr-23
11:07
)
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DLF Ltd Slides 1.64%, S&P BSE Realty Index index Shed 1.31%
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Hot Pursuit
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21-Apr-23
09:45
)
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Oberoi Realty Ltd Slides 0.93%
(
Hot Pursuit
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05-Jul-22
09:45
)
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Godrej Properties Ltd Slides 3.87%, S&P BSE Realty Index index Shed 1.29%
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Hot Pursuit
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04-Nov-20
09:45
)
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Oberoi Realty
(
Results
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Analysis
13-May-19
19:40
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Board of Oberoi Realty approves fund raising up to Rs 6,000 cr
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Corporate News
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11-Oct-24
09:25
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Bajaj Auto Ltd leads losers in 'A' group
(
Hot Pursuit
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17-Oct-24
15:00
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Oberoi Realty jumps after booking value stood at Rs 1,775 cr in Q4
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Hot Pursuit
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22-Apr-24
12:50
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Oberoi Realty fixes record date for payment of dividend
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Market Beat
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Reports
24-Jun-22
09:56
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