Oberoi Realty gains on inking pact to develop, redevelop land in Bandra
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Oberoi Realty is currently trading at Rs. 1800.00, up by 5.40 points or 0.30% from its previous closing of Rs. 1794.60 on the BSE.
The scrip opened at Rs. 1815.00 and has touched a high and low of Rs. 1823.95 and Rs. 1800.00 respectively. So far 72822 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1952.30 on 11-Jun-2024 and a 52 week low of Rs. 1047.75 on 16-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1829.00 and Rs. 1685.00 respectively. The current market cap of the company is Rs. 65252.06 crore.
The promoters holding in the company stood at 67.70%, while Institutions and Non-Institutions held 30.35% and 1.95% respectively.
Oberoi Realty has entered into a Development Agreement for development and redevelopment of land admeasuring approximately 2,576 square meters, situate at Carter Road, Bandra (West), Mumbai (said Land). The company expects to currently generate a free sale component of around 40,000 square feet (RERA Carpet area) from the development and redevelopment of the said Land, as per the extant provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.
