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    Buy Oberoi Realty, target price Rs 1125: Prabhudas Lilladher

    Synopsis

    Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 37438.30 Crore) operating in Real Estate sector.

    Oberoi Realty
    Promoters held 67.7 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.42 per cent, DIIs 9.99 per cent.
    Prabhudas Lilladher has buy call on Oberoi Realty with a target price of Rs 1125. The current market price of Oberoi Realty is Rs 1028.85. Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 37438.30 Crore) operating in Real Estate sector.

    Oberoi Realty Ltd. key Products/Revenue Segments include Income from Project Development, Lease Rentals, Income from Hospitality and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 934.81 Crore, up 10.90 % from last quarter Total Income of Rs 842.94 Crore and up 217.13 % from last year same quarter Total Income of Rs 294.77 Crore. Company reported net profit after tax of Rs 357.79 Crore in latest quarter.


    Investment Rationale
    The stock is in strong up trend and has recently given correction. The correction landed on the channel support and turned up. Buy for target of 1125. The stop is at 995.

    Promoter/FII Holdings
    Promoters held 67.7 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.42 per cent, DIIs 9.99 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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