Oberoi Realty gains after announcing decent Q2 results

Oberoi Realty rose 3.93% to Rs 219.35 at 12:10 IST on BSE after consolidated net profit rose 9.97% to Rs 70.54 crore on 6.09% fall in total income to Rs 189.37 crore in Q2 September 2014 over Q2 September 2013.

The company announced Q2 results after on Saturday, 18 October 2014.

Meanwhile, the BSE Sensex was up 393.44 points or 1.5% at 26,499.98.

On BSE, so far 7,731 shares were traded in the counter, compared with an average volume of 24,164 shares in the past one quarter.

The stock hit a high of Rs 219.50 and a low of Rs 215 so far during the day. The stock hit a 52-week high of Rs 283.85 on 3 September 2014. The stock hit a 52-week low of Rs 168.30 on 17 October 2013.

The stock had underperformed the market over the past one month till 17 October 2014, falling 12.04% compared with 1.96% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 14.1% as against Sensex's 2.14% rise.

The mid-cap real estate firm has an equity capital of Rs 328.23 crore. Face value per share is Rs 10.

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