Page 5 - Oberoi Realty

Oberoi Realty flying high on new launches; brokerage bullish on the stock

Analysts expect the company to maintain its growth momentum and continue to deliver strong earnings growth with new project launches

Oberoi Realty jumps 5%, m-cap hits Rs 50,000 cr as company forays into NCR

In past one month, the stock has outperformed the market by surging 28 per cent, as compared to 0.34 per cent gain in the S&P BSE Sensex and 15 per cent rally in the S&P BSE Realty index.

Oberoi Realty enters Delhi-NCR; buys 15-acre land in Gurugram for Rs 597 cr

Oberoi Realty has bought nearly 15-acre land in Gurugram for Rs 597 crore to develop luxury housing project, marking its foray into the Delhi-NCR property market. The Mumbai-based company has "executed an agreement for sale with Ireo Residences Company Pvt Ltd and others for acquiring land admeasuring approximately 14.816 acre equivalent to 59,956.20 square meters at Sector 58, Gurugram, Haryana." In a regulatory filing on late Friday, Oberoi Realty said the consideration for the transaction is in the form of event/ time linked monetary consideration of up to Rs 597 crore, and up to a certain area in the project for the existing homeowners and others. The company has taken possession of this land and it will get an estimated area of 2.6 million square feet for development. "This transaction marks the company's foray into the NCR region," Oberoi Realty said. The company intends to primarily develop a luxury residential group housing project on this land parcel. Oberoi Realty has .

DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?

Charts suggest that the bias for the realty stocks is likely to remain favourable as long as they hold these key support levels.

Oberoi Realty Q2 profit up 43% to Rs 457 crore in on higher revenue

Oberoi Realty Ltd has reported 43 per cent increase in consolidated net profit at Rs 456.76 crore for September quarter 2023-24 on higher revenue. Its net profit stood at Rs 318.62 crore in the year-ago period. Total income rose to Rs 1,243.80 crore during July-September 2023-24 from Rs 711.79 crore in the corresponding period of the previous year, the company said in a regulatory filing on Friday. Mumbai-based Oberoi Realty, which mainly focuses on luxury residential segment, logged a net profit of Rs 778.42 crore during April-September this fiscal as against Rs 721.70 crore in the year-ago period. Total revenue increased to Rs 2,177.36 crore in the first six months of this fiscal from Rs 1,646.60 crore in the corresponding period of the previous year. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, "We believe the real estate market will continue its upward trajectory through consistently surging demand for established brands, spacious apartments and a desire ..

Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov

Dr.Reddy's, Apollo Tyres and Jindal Steel are among the five stocks which have seen rollovers of up to 88 per cent to the November series.

Oberoi Realty sales bookings fell 17% to Rs 965 crore in Jul-Sep quarter

Oberoi Realty has reported a 17 per cent decline in sales bookings to Rs 965 crore in the second quarter of this fiscal. Its sales bookings stood at Rs 1,156 crore in the year-ago period. According to a regulatory filing on October 20, the company booked 151 units during the JulySeptember period as against 132 units in the year-ago period. In terms of volume, the company sales bookings stood at 2,20,828 square feet of carpet area in the second quarter of this fiscal as against 2,33,947 square feet in the year-ago period. The company booked 261 units during the first six months of this fiscal, down from 296 units in the year-ago period. Sales in volume terms declined to 3,66,716 square feet during AprilSeptember period from 4,78,892 square feet in the year-ago period. Mumbai-based Oberoi Realty is one of the leading real estate firms in the country.

Actor Gayatri Joshi, husband Vikas Oberoi meet with car accident in Italy

The accident occurred during the Sardinia Supercar Tour, which featured a luxury car parade from Teulada to Olbia.

DLF, Lodha: Realty stocks enter next leg of upside post hitting new peaks

Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.

Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos

Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business

Oberoi Realty Q1 profit falls 20.2% on fewer bookings, higher costs

Meanwhile, total expenses surged by nearly 10% driven by a spike in operating costs

Oberoi Realty dips 6% as sales value drops 27% YoY in Jan-Mar quarter

Adjusted profit after tax at Rs 300 crore, was lower than estimates of Rs 373 crore, given the weaker than expected operating show, said analysts at ICICI Securities in a note

Q4 profit more than doubled on soaring demand, says Oberoi Realty

Indian real-estate developer Oberoi Realty Ltd said on Tuesday fourth-quarter profit more than doubled, boosted by strong bookings as the demand for housing saw an upswing in the country

Oberoi Realty Q4 results: Consolidated net profit rises 106% to Rs 480 cr

Oberoi Realty to issue non-convertible debentures worth Rs 1,500 crore by way of private placement

Oberoi Realty to build on new project launches, rental portfolio

Street will track pace of bookings, project execution, and acquisition of new land

BPCL, Tata Motors lead upgrades race after Q3, Zomato, ABFRL downgraded

Oberoi Realty and ACC too see substantial increase in their earnings forecasts for the ongoing financial year

Costliest property deal: Welspun's BK Goenka buys triplex for Rs 240 crore

The penthouse has been purchased in the Three Sixty West project at Annie Besant Road in Worli, Mumbai

Oberoi Realty buys 63 residential units in luxury housing project in Mumbai

Mumbai-based Oberoi Realty has bought 63 residential units comprising over 5 lakh square feet in a luxury housing project at Worli in Mumbai. In a regulatory filing, Oberoi Realty said its shareholders had in December approved purchase/ acquisition of residential premises in the project 'Three Sixty West' constructed by Oasis Realty for up to Rs 4,000 crore. It was a material related party transaction, it added. On Saturday, Oberoi Realty said the company has concluded the purchase/ acquisition of residential premises in the project. Giving details, Oberoi Realty said the company has purchased 5,23,039 square feet carpet area. The total number of units purchased is 63, while the total amount of consideration paid by the company is Rs 3,403 crore. The stamp duty and other charges for purchase of these units are Rs 204 crore. The share of income tax liability discharged through Oasis Realty is Rs 605 crore. Consequently, Oberoi Realty said the company has recovered its entire fund

Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports

In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore

Upbeat housing demand to lift realty stocks despite rate hikes: Analysts

While rising interest rates are expected to hamper affordability among buyers, analysts expect the underlying need for homeownership to remain strong, which would buoy housing sales going ahead