Oberoi Realty gains on the BSE
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Oberoi Realty is currently trading at Rs. 934.30, up by 13.40 points or 1.46% from its previous closing of Rs. 920.90 on the BSE.
The scrip opened at Rs. 914.45 and has touched a high and low of Rs. 935.55 and Rs. 914.40 respectively. So far 6123 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1088.40 on 15-Sep-2022 and a 52 week low of Rs. 726.25 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 935.55 and Rs. 883.60 respectively. The current market cap of the company is Rs. 33735.02 crore.
The promoters holding in the company stood at 67.70%, while Institutions and Non-Institutions held 29.86% and 2.43% respectively.
Oberoi Realty had entered into a Memorandum of Understanding (MoU) dated May 23, 2023 with NRB Bearings (NRB) for acquiring the land admeasuring around 25,700 square meters (around 6.4 acres) located at Pokhran Road 2, Thane, Maharashtra, together with structures thereon.
The said acquisition shall be completed upon fulfilment of certain terms and conditions of the MoU. The company has also made payment of part consideration amount to NRB, and the balance consideration shall be paid on and/ or before the closing of the transaction.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.
