Nifty50 formed a bearish candle on daily frame to close with losses of around 80 points and has started to form lower highs from the last two sessions
The company's net profit for Q4FY24 was ₹788.03 crore. The profit in Q4FY25 missed the Bloomberg analysts' poll estimate of ₹570 crore
Oberoi Realty on Monday reported 45 per cent decline in consolidated net profit at Rs 433.17 crore for March quarter FY25 due to lower income. Its net profit stood at Rs 788.03 crore in the year-ago period. Total income also fell to Rs 1,213.33 crore in January-March 2024-25 from Rs 1,558.56 crore a year ago, according to a regulatory filing. Net profit rose to Rs 2,225.51 crore in 2024-25 from Rs 1,926.60 crore a year ago. Total income increased to Rs 5,474.17 crore from Rs 4,818.77 crore. Mumbai-based Oberoi Realty is one of the leading real estate developers in the country.
The Nifty Realty index has shed 25% thus far in 2025; technical chart suggests the index can potentially slide another 19% from here on. Check key levels on top 5 realty stocks here.
Oberoi Realty, Godrej Properties, Prestige Estates were down over 3 per cent, Macro Tech Developers, Phoenix Mills, DLF, Sobha, and Brigade Enterprises slipped 2 per cent
The Supreme Court has asked the Environment Ministry and Maharashtra government to clarify the status of Sahara's 106-acre plot in Versova, Mumbai, according to reports
Shahid Kapoor, Abhishek Bachchan, D'Mart's Radhakrishna Damani and Everest Masala Group's promoter, Vratika Gupta are all owners of sea facing luxury apartments in Oberoi Realty's Three Sixty West.
The Nifty Realty index has surged 14% in the last 7 trading days, with select stocks rising up to 27% in anticipation of a rate cut in the upcoming RBI Policy. Here's technical view on realty stocks.
Technical charts suggest that stocks such as Prestige Estates, Lodha and Sobha can fall up to 32 per cent from here on, while the Nifty Realty index can crack by another 14 per cent.
The reversals come amid a broader selloff in Indian stocks, with the NSE Nifty 50 Index down 12% from its September record high
The BSE Realty index was trading at its lowest level since March 26, 2024, and has corrected by 23 per cent from its December 2024 high.
The company posted a 71.70 per cent year-on-year (Y-o-Y) increase in net profit for the third quarter of FY25 (Q3 FY25), reaching Rs 618.38 crore, compared to Rs 360.15 crore in Q3 FY24
The company posted a net profit of Rs 618.38 crore
The real-estate developer's consolidated net profit jumped 72 per cent to Rs 618 crore($71 million) for the three months ended Dec. 31
Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent
Company tells stock exchanges it has acquired 81 acres from landowners for the project
The retail segment continues to perform well and the hospitality segment remains buoyant, with travel momentum being sustained
Oberoi Realty is a leading real estate development company in India, recognized for its high-end residential, commercial, and retail projects
UBS has set a target price of Rs 1,005 for DLF; Rs 2,175 for Prestige Estates; and Rs 2,230 for Oberoi Realty
Among others, Godrej Properties and Macrotech Developers (Lodha) gained over 3 per cent. DLF and Phoenix Mills advanced over 2 per cent