Oberoi Realty Share Price Target Forecast 2022, 2023, 2025, 2030

10 January, 2022

ICICI Securities recommends Oberoi Realty with a target price of Rs 944.

Oberoi Realty got a hold call from ICICI Securities with a target price of Rs 944. Oberoi Realty Ltd.’s current market price is Rs 927.75. The analyst estimates that Oberoi Realty Ltd.’s price will achieve its objective in one year.

Oberoi Realty Ltd., founded in 1998, is a Large Cap business in the Real Estate industry with a market capitalization of Rs 33782.28 crore.

Income from Project Development, Lease Rentals, Income from Hospitality, and Other Operating Revenue are among Oberoi Realty Ltd.’s primary products/revenue segments for the year ending 31-Mar-2021.

Financials

The firm reported a Consolidated Total Income of Rs 768.52 Crore for the quarter ended September 30, 2021, up 160.72 percent from the previous quarter’s Total Income of Rs 294.77 Crore and up 136.26 percent from the same quarter last year’s Total Income of Rs 325.28 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 264.81 crore.

Reasons for Investing

While the precise date and magnitude of launches are yet unknown, the brokerage anticipates OBER to book at least Rs40 billion in sales in FY22E and more over Rs50 billion in each of FY23-24E due to fresh launches and inventories in the Goregaon/Mulund/Borivali projects. It keeps its HOLD rating and maintains an unchanged SOTP-based target price of Rs944/share, implying a 20% premium to NAV. A rise in prices that is bigger than projected is a significant upside risk, while a drop in demand for residential homes is a key downside risk.

FII Holdings/Promoter

As of September 30, 2021, promoters controlled 67.7% of the firm, FIIs 22.21 percent, and DIIs 7.32 percent.

economictimes.com is the source for this information.


November 02, 2021

Oberoi Realty is downgraded to ‘underperform’ by CLSA, although the target price is raised due to better pre-sales projections.

Oberoi Realty, a Mumbai-based property developer, was downgraded from ‘outperform’ to ‘underperform’ by CLSA, but its target price was boosted due to better pre-sales projections. Oberoi Realty currently has a target price of Rs 980 at the brokerage, up from Rs 965 before.

CLSA believes the company’s good start to the second half of the financial year is basically priced in.

Oberoi’s Goregaon debut received a positive reception, according to the company.

On October 28, the business opened a new tower in their Elysian project in Goregaon, Mumbai. Last weekend, pre-sales for the project reached Rs 790 crore, topping CLSA’s projections for this phase of Elysian in FY22, which had predicted pre-sales at Rs 600 crore.

CLSA raised its pre-sale projections by around 5% for fiscal years 2022-23 and 2023-24, and only slightly for fiscal years 2023-24.

Oberoi Realty shares have been downgraded to ‘underperform’ by the brokerage, which sees little upside potential.

After a shaky start, the Oberoi Realty shares climbed higher on Tuesday. The stock was up 2.4 percent at Rs 988.2 on the BSE at 11:50 a.m., while the Sensex index remained unchanged in turbulent activity.

The majority of the real estate group’s equities were trading higher. Godrej Properties defied the trend, falling 2%.

Oberoi Realty shares have recently rewarded investors with big gains.

cnbctv18.com is the source of this information.


07 October, 2021

Sales bookings for Oberoi Realty in the second quarter increased by more than two-fold to Rs 828.52 crore.

Oberoi Realty Ltd reported a more than two-fold increase in sales bookings for the quarter ended September at Rs 828.52 crore, owing to higher home demand fueled by reduced borrowing rates. In the previous fiscal year, the company’s sales bookings were Rs 327.30 crore, according to a regulatory filing.

The Mumbai-based firm sold 200 units in the July-September quarter, up from 45 in the previous quarter.

In terms of volume, it sold about 4.4 lakh sq ft in the second quarter, up from over 1.3 lakh sq ft in the previous year’s similar period.

Oberoi Realty sold 239 units from April to September, compared to 50 units the previous year.

In the first six months of current fiscal year, it booked 5.36 lakh sqft, compared to 1.42 lakh sqft in the same period previous year.

Sales bookings increased to Rs 998.49 crore in April-September 2021, up from Rs 352.09 crore the previous year.

Oberoi Realty is one of the country’s most prominent real estate developers.

economictimes.com is the source for this information.


20 May, 2021

IIFL recommends Oberoi Realty with a target price of Rs 605.

Oberoi Realty gets a buy call from IIFL with a target price of Rs 605. Oberoi Realty Ltd. is now trading at Rs 580.55.

Oberoi Realty Ltd., founded in 1998, is a Large Cap business in the Real Estate industry with a market capitalization of Rs 21338.00 crore.

Financials

The firm reported a Consolidated Total Income of Rs 800.87 Crore for the quarter ended 31-03-2021, down -4.38 percent from the previous quarter’s Total Income of Rs 837.57 Crore but up 27.99 percent from the same period last year’s Total Income of Rs 625.73 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 286.53 crore.

Reasons for Investing

On the daily chart, the stock has provided a long-term bullish inverse head and shoulder breakout.

FII Holdings/Promoter

As of June 30, 2020, promoters owned 35.8% of the firm, followed by FIIs with 39.6%, DIIs with 13.2%, and public and others with 11.3 percent.

economictimes.com is the source for this information.


17 March, 2021

CLSA believes Oberoi Realty is better positioned on values than Godrej Properties.

CLSA, a foreign trading firm, has boosted Oberoi Realty’s target price to Rs625. On Monday, the Mumbai-based real estate developer’s stock increased 1.5 percent to Rs552 on the National Stock Exchange.

According to the brokerage house, the company’s new launches, together with its near-ready projects in Worli, Borivali, and Mulund, would result in sales growth of roughly 19 percent in fiscal year 2021-23.

Oberoi Realty experienced its biggest quarterly sales bookings in five years in the December quarter, at Rs970 crore. In Q4FY21, the business plans to launch the Oberoi Elysian, a 70-story skyscraper in Goregaon.

According to ICICI Securities Ltd’s dealer channel inspections, the new skyscraper might feature 362 apartments (234 3BHKs and 128 4BHKs) with a potential sale value of around Rs1,800 crore.

Oberoi plans to develop 4-5 million square feet of residential real estate in Mumbai in Q4FY21, given the renewed interest in the city. However, the actual timing and cost of these initiatives are yet unknown.

CLSA further suggests that investors transfer from Godrej Properties Ltd to Oberoi Realty Ltd, since the latter is better positioned in terms of value. Godrej Properties Ltd gets a sell rating from CLSA.

Oberoi Realty’s shares are selling at a one-year future price-to-earnings ratio of 26 times, far lower than Godrej Properties’ 2 times multiple, according to Bloomberg data.

livemint.com is the source of this information.


Disclaimer: The views and investment tips expressed by investment expert on Stock consultant bihar are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar
Logo