 "Oberoi Realty gains as brokerage initiates coverage with ‘buy’ rating")
Oberoi Realty was up 6% to Rs 481 on the BSE in early morning trade after the brokerage firm Motilal Oswal Securities initiated coverage with ‘buy’ rating on the stock.
Oberoi Realty is a Mumbai-focused premium real estate developer, with presence in the residential, commercial and hospitality segments. The sharp focus on delivery of quality products has helped the company create a strong brand over the past 20 years. Its trusted brand enables its projects to enjoy premium, resulting in superior EBITDA margins of >50%.
Analysts believe Oberoi Realty can trade at a premium to its FY19E NAV
Oberoi Realty is a Mumbai-focused premium real estate developer, with presence in the residential, commercial and hospitality segments. The sharp focus on delivery of quality products has helped the company create a strong brand over the past 20 years. Its trusted brand enables its projects to enjoy premium, resulting in superior EBITDA margins of >50%.
Analysts believe Oberoi Realty can trade at a premium to its FY19E NAV
