Oberoi Realty has announced an agreement to redevelop a 3.3-acre land parcel in South Mumbai. The company expects to generate around 2.5 lakh sq ft of free sale space from the development and redevelopment of the land. This plot is adjacent to a property already being redeveloped by the company.

Foreign portfolio investor Acacia Partners LP offloaded shares worth Rs 16.35 lakh or 1.68% stake in NRB Bearings at an average price of Rs 269 per share.

Even, discounting the fact that it has one segment exposure unlike other bearings companies, still the stock remains undervalued and the brokerage expects a rerating to set in.