Oberoi Realty bucks trend on bargain hunting

Oberoi Realty rose 1.17% to Rs 307.50 at 15:10 IST on BSE on bargain hunting after a recent slide.

Meanwhile, the BSE Sensex was down 286.83 points, or 1.09%, to 25,955.55.

On the BSE, so far 1.41 lakh shares were traded in the counter, compared with average daily volumes of 89,442 shares in the past one quarter. The stock had hit a high of Rs 310 and a low of Rs 302.50 so far during the day.

The stock hit a 52-week high of Rs 377.85 on 3 November 2016. The stock hit a 52-week low of Rs 210.15 on 12 February 2016.

 

Shares of Oberoi Realty fell 7.52% in three trading sessions to settle at Rs 303.95 yesterday, 21 December 2016, from its close of Rs 328.65 on 16 December 2016.

On a consolidated basis, net profit of Oberoi Realty rose 12.45% to Rs 83.72 crore on 32.62% rise in net sales to Rs 250.85 crore in Q2 September 2016 over Q2 September 2015.

Oberoi Realty is India's leading real estate development company, headquartered in Mumbai, focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals.

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