News

Neutral Oberoi Realty Ltd For Target Rs.2,056 By Motilal Oswal Financial Services Ltd Stellar sales in 360-West and Elysian boost growth Strong traction across projects * Oberoi Realty’s (OBER) pre-sales grew 49% YoY to INR14.4b (80% above estimate) in 2QFY25, driven by strong bookings at ‘360-West’ project in Worli, which contributed INR6.6b to pre-sales across bookings of six units. * Elysian Goregaon’s pre-sales jumped 147% YoY to INR3.2b after the successful launch of the third tower in 4QFY24. Sales traction was weak at Borivali (INR1.3b), wh...
Neutral Oberoi Realty Ltd For Target Rs.2,056 By Motilal Oswal Financial Services Ltd
Neutral Oberoi Realty Ltd For Target Rs.2,056 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:52:14 pm
Oberoi Realty soras on achieving gross bookings of Rs 1,348 crore at launch of Oberoi Garden City Thane Oberoi Realty is currently trading at Rs. 1980.00, up by 49.00 points or 2.54% from its previous closing of Rs. 1931.00 on the BSE. The scrip opened at Rs. 1980.00 and has touched a high and low of Rs. 2002.60 and Rs. 1958.40 respectively. So far 16298 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2067.65 on 17-Oct-2024 and a 52 week low of Rs. 1051.25 on 26-Oct-2023. Last one week high and low of the scrip s...
Oberoi Realty soras on achieving gross bookings of Rs 1,348 crore at launch of Oberoi Garden City Thane
Oberoi Realty soras on achieving gross bookings of Rs 1,348 crore at launch of Oberoi Garden City Thane
Source: Accord Fintech
2024-10-21 11:05:48 am
India`s Oberoi Realty posts Q2 profit jump on strong demand for premium housing India's Oberoi Realty reported a jump in second-quarter profit boosted by sustained demand for its premium projects, including luxury homes and office spaces. The real-estate developer's consolidated net profit jumped 29% to 5.89 billion rupees ($70 million) in the three months ended Sept. 30. Its revenue from operations grew 8.5% to 13.20 billion rupees, marginally beating analysts' average estimates of 13.17 billion rupees, per data compiled by LSEG. For further earning...
India`s Oberoi Realty posts Q2 profit jump on strong demand for premium housing
India`s Oberoi Realty posts Q2 profit jump on strong demand for premium housing
Source: Reuters
2024-10-18 05:58:12 pm
Oberoi Realty gains on inking pact to develop, redevelop land in Bandra 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 st...
Oberoi Realty gains on inking pact to develop, redevelop land in Bandra
Oberoi Realty gains on inking pact to develop, redevelop land in Bandra
Source: Accord Fintech
2024-07-30 10:51:18 am
Sell Oberoi Realty Ltd Rs. 1,580 By Geojit Financial Services Ltd Robust Q1FY25 earnings; expensive valuation Robust Q1FY25 earnings; expensive valuation Oberoi Realty (ORL) is a premium real estate developer with over 45 completed projects spread across strategic locations in Mumbai. The company also acquired about a 15 acre land parcel in NCR to expand its market. * In Q1FY25, ORL’s consolidated revenue surged 54.4% YoY to Rs. 1,405cr, primarily due to higher sales of residential properties. * EBITDA margin widened 590bps YoY to 60.6%, due ...
Sell Oberoi Realty Ltd Rs. 1,580 By Geojit Financial Services Ltd
Sell Oberoi Realty Ltd Rs. 1,580 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-07-29 12:42:51 pm
Neutral Oberoi Realty Ltd For Target Rs. 1,560 By Motilal Oswal Financial Services Sustained performance in the residential segment * Oberoi Realty’s (OBER’s) pre-sales more than doubled YoY (12% above estimate) to INR10.7b, driven by strong bookings at the ‘360-West’, Worli project, which contributed INR4.8b to pre-sales across bookings of six units. * The sales traction across other projects at Borivali (INR1.9b) and Mulund (INR1.3b) sustained on a YoY basis but was weak sequentially. Elysian Goregaon’s pre-sales grew 64% YoY ...
Neutral Oberoi Realty Ltd For Target Rs. 1,560 By Motilal Oswal Financial Services
Neutral Oberoi Realty Ltd For Target Rs. 1,560 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-29 11:29:54 am
Neutral Oberoi Realty Ltd For Target Rs. 1,560 By Motilal Oswal Financial Services Sustained performance in the residential segment 360-West drives strong pre-sales * Oberoi Realty’s (OBER’s) pre-sales more than doubled YoY (12% above estimate) to INR10.7b, driven by strong bookings at the ‘360-West’, Worli project, which contributed INR4.8b to pre-sales across bookings of six units. * The sales traction across other projects at Borivali (INR1.9b) and Mulund (INR1.3b) sustained on a YoY basis but was weak sequentially. Elysian Gore...
Neutral Oberoi Realty Ltd For Target Rs. 1,560 By Motilal Oswal Financial Services
Neutral Oberoi Realty Ltd For Target Rs. 1,560 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-25 12:48:08 pm
Neutral Oberoi Realty Ltd.For Target Rs. 1,435 - Motilal Oswal Financial Services Bookings traction sustainable in near term Elysian and 360 West drive margin improvement * Oberoi Realty (OBER) achieved pre-sales of INR17.6b, up 160% YoY (in line). In FY24, bookings reached INR39.4b, up 22% YoY. The quarterly performance was driven by the new tower at Elysian, which generated INR8b of bookings during the launch in Jan’24. Additionally, the company booked three units at its ultra- luxury project 360 West, with a total value of INR2.2b. * The traction across...
Neutral Oberoi Realty Ltd.For Target Rs. 1,435 - Motilal Oswal Financial Services
Neutral Oberoi Realty Ltd.For Target Rs. 1,435 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-29 11:09:46 am
Neutral Oberoi Realty Ltd. for Target Rs. 1,435 - Motilal Oswal Financial Services Bookings traction sustainable in near term Elysian and 360 West drive margin improvement * Oberoi Realty (OBER) achieved pre-sales of INR17.6b, up 160% YoY (in line). In FY24, bookings reached INR39.4b, up 22% YoY. The quarterly performance was driven by the new tower at Elysian, which generated INR8b of bookings during the launch in Jan’24. Additionally, the company booked three units at its ultra- luxury project 360 West, with a total value of INR2.2b. * The traction across ...
Neutral Oberoi Realty Ltd. for Target Rs. 1,435 - Motilal Oswal Financial Services
Neutral Oberoi Realty Ltd. for Target Rs. 1,435 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-28 02:27:47 pm
NEUTRAL Oberoi Realty Ltd. For Target Rs.1,700 - Yes Securities Bringing projects fast to execution phase is key Our view Oberoi Realty (OBER) reported the pre-sales of 0.45msf translating to Rs17.6bn of which 78% was contributed by the Elysian and Sky City for Q4FY24. Management is confident to monetize 360 West projects in the next 2years with better realization. Pokhran, Thane project will be launched in festival season. Commerz-III has received OC and rentals to start from Q1FY25 while soft launch and rental of Borivali mall to start from Q3FY2...
NEUTRAL Oberoi Realty Ltd. For Target Rs.1,700 - Yes Securities
NEUTRAL Oberoi Realty Ltd. For Target Rs.1,700 - Yes Securities
Source: Yes Securities Ltd.
2024-06-27 04:46:39 pm
Buy Oberoi Realty Ltd. For Target Rs.2,350 - Elara Capital Low-risk compounder Power of cash coarsely overlooked Oberoi Realty (OBER IN) boasts a sizeable, ready inventory of >INR 90bn; monetizing at a run rate (FY24) of ~INR 14bn annually. This along with INR 20bn of pending receivables (net of opex due) for collections positions the developer for high value, new business development (BD) Notably OBER has maintained financial discipline through cycles as evident in its fortress balance sheet and industry-best net gearing ratio of INR 180bn....
Buy Oberoi Realty Ltd. For Target Rs.2,350 - Elara Capital
Buy Oberoi Realty Ltd. For Target Rs.2,350 - Elara Capital
Source: Elara Capital
2024-06-20 12:21:09 pm
Buy Oberoi Realty Ltd. For Target Rs. 2,350 By Elara Capital Low-risk compounder Power of cash coarsely overlooked Oberoi Realty (OBER IN) boasts a sizeable, ready inventory of >INR 90bn; monetizing at a run rate (FY24) of ~INR 14bn annually. This along with INR 20bn of pending receivables (net of opex due) for collections positions the developer for high value, new business development (BD) Notably OBER has maintained financial discipline through cycles as evident in its fortress balance sheet and industry-best net gearing ratio of INR 180bn....
Buy Oberoi Realty Ltd. For Target Rs. 2,350 By Elara Capital
Buy Oberoi Realty Ltd. For Target Rs. 2,350 By Elara Capital
Source: Elara Capital
2024-06-10 03:56:49 pm
Neutral Oberoi Realty Ltd For Target Rs.1,390 - Motilal Oswal Financial Services Gearing up for multiple launches in 2HFY25 * Despite strong demand tailwinds, OBER’s pre-sales were stagnant over FY21-23 due to the lack of key launches. However, it has launched a new project at Kolshet Road (Thane) and a new tower at Elysian (Goregaon) in 2HFY24, which will drive 23% YoY growth in pre-sales to INR40b in FY24. * The company is now gearing up for the launch of the initial phase (2msf) of its flagship project at Pokhran Road (Thane), a luxury project at Peddar Ro...
Neutral Oberoi Realty Ltd For Target Rs.1,390 - Motilal Oswal Financial Services
Neutral Oberoi Realty Ltd For Target Rs.1,390 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-29 11:50:13 am
Buy Oberoi Realty Ltd. For Target Rs.1,676 By Yes Securities Pokhran launch deferred again; Annuity to grow 3x in next 2years Our view Oberoi Realty (OBER) reported the pre-sales of 0.26msf translating to Rs7,869mn of which 78% was contributed by the Forestville, Sky City and Enigma for Q3FY24. Management is confident to monetize 360 West projects in the next 2years. Pokhran, Thane project has been deferred to Sept-24. Augmentation of the Commerz-III and Borivali mall is on track and will be given to fit-outs by Mar-24. Leasing of the Commerz-III...
Buy Oberoi Realty Ltd. For Target Rs.1,676 By Yes Securities
Buy Oberoi Realty Ltd. For Target Rs.1,676 By Yes Securities
Source: Yes Securities Ltd.
2024-04-02 12:27:14 pm
Neutral Oberoi Realty Ltd. For Target Rs.1,350 By Motilal Oswal Financial Services Weak performance despite the new launch Sky City and 360 West witnessed moderation in sales run-rate  The company achieved pre-sales of INR7.9b (up 25% YoY, but down 18% QoQ), 51% below our estimate. For 9MFY24, bookings stood at INR22b, down 12% YoY.  The new project at Thane generated bookings of INR2.1b and the traction across other key projects at Goregaon and Mulund remained in line with their historical run-rates, generating sales of INR1.2b and INR2b, respectively. ...
Neutral Oberoi Realty Ltd. For Target Rs.1,350 By Motilal Oswal Financial Services
Neutral Oberoi Realty Ltd. For Target Rs.1,350 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-03-30 09:11:29 am
Reduce Oberoi Realty Ltd For Target Rs. 1,323 - Elara Capital Entering uncharted territory Forestville launch major contributor to Q3 sales Oberoi Realty (OBER IN) booked sales worth INR 7,910mn in Q3FY24, down 18% QoQ and up 24% YoY. It recorded a sales volume of 0.26mn sqft, up 18% QoQ and down 28% YoY. A total of 216 units were booked during the quarter. OBER entered the Thane market with the launch of Forestville on Kolshet Road. The initial phase, featuring three towers, was received. The project contributed pre-sales of INR 2bn with a volume...
Reduce Oberoi Realty Ltd For Target Rs. 1,323 - Elara Capital
Reduce Oberoi Realty Ltd For Target Rs. 1,323 - Elara Capital
Source: Elara Capital
2024-02-15 01:55:31 pm
Mid Cap : Sell Oberoi Realty Ltd For Target Rs. 1,176 - Geojit Financial Muted results: Pokhran project launch delayed Oberoi Realty (ORL) is a premium real estate developer with over 45 completed projects spread across strategic locations in Mumbai. The company also acquired about 15 acres land parcel in NCR to expand its market. • Consolidated revenue fell 35.3% YoY to Rs. 1,054cr in Q3FY24, primarily due to lower sales velocity from residential properties. • EBITDA margin declined 800bps YoY to 51.1%, due to higher operating costs. Profit after ...
Mid Cap : Sell Oberoi Realty Ltd For Target Rs. 1,176 - Geojit Financial
Mid Cap : Sell Oberoi Realty Ltd For Target Rs. 1,176 - Geojit Financial
Source: Geojit Financial Services Ltd
2024-02-06 01:59:09 pm
Add Oberoi Realty Ltd for Target Rs. 1,676 - Yes Securities Strong cashflow visibility to drive valuation Our view Oberoi Realty (OBER) in the Q3FY24 launched its most awaited project in KolshetThane(2.5msf) and plans to launch the Pokrhan -2 (~15msf) project in next 1-2quarters. Additionally, the company plans to launch another tower in Goregaon in Q4FY24. Borivali Mall & Commerz-III is near completion and is expected to be given for fit-outs by the end of Q4FY24 which will add significant rental income of Rs8.6bn to the portfolio from FY25...
Add Oberoi Realty Ltd for Target Rs. 1,676 - Yes Securities
Add Oberoi Realty Ltd for Target Rs. 1,676 - Yes Securities
Source: Yes Securities Ltd
2023-12-21 02:38:05 pm
Oberoi Realty soars on launching first luxury residential project in Thane Oberoi Realty is currently trading at Rs. 1390.65, up by 40.85 points or 3.03% from its previous closing of Rs. 1349.80 on the BSE. The scrip opened at Rs. 1360.05 and has touched a high and low of Rs. 1394.95 and Rs. 1360.05 respectively. So far 38691 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1407.15 on 20-Nov-2023 and a 52 week low of Rs. 790.05 on 27-Jan-2023. Last one week high and low of the scrip st...
Oberoi Realty soars on launching first luxury residential project in Thane
Oberoi Realty soars on launching first luxury residential project in Thane
Source: Accord Fintech
2023-11-21 10:47:41 am
Buy Oberoi Realty Ltd For Target Rs.1,422 - Yes Securities Ltd Oberoi Realty (OBER) reported the pre-sales of 0.22msf translating to Rs9,560mn of which 62% was contributed by the Sky City and 360 West for Q2FY24. Post OC, Eternia also witnessed incremental demand and achieved booking of 40units in Q2FY24. Management is confident to monetize both Mulund projects in the next 2years. Augmentation of the Commerz-III and Borivali mall is on track and will be given to fit-outs by Mar-24. Preleasing of the Mall to happen post Diwali this year. For Q2FY24, Obero...
Buy Oberoi Realty Ltd For Target Rs.1,422 - Yes Securities Ltd
Buy Oberoi Realty Ltd For Target Rs.1,422 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-31 04:01:14 pm