Demand triggers may help Oberoi Realty sustain higher sales trajectory

Target prices suggest further upside for the stock

Strong sales growth in the Mumbai realty market, receipt of the occupancy certificate for a key project and new launches are key triggers for Oberoi Realty. The stock recently hit a 52-week high and is poised to make additional gains, given the positive outlook by brokerages.

The immediate trigger for the stock and the key highlight in the September quarter, according to Dolat Capital, is the strong sales traction seen in the uber luxury project, Three Sixty West, after the company received the occupancy certificate. At least four units in the project have been sold during the quarter. The promoters