Prabhudas Lilladher has buy call on Oberoi Realty with a target price of Rs 1125. The current market price of is Rs 1028.85. ., 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.
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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