Yes Securities has buy call on with a target price of Rs 1070. The current market price of Oberoi Realty Ltd. is Rs 971.35.
Time period given by analyst is Intra Day when Oberoi Realty Ltd. price can reach defined target.
Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 35342.14 Crore) operating in Real Estate sector.
Oberoi Realty Ltd. key Products/Revenue Segments include Income from Project Development, Lease Rentals, Income from Hospitality and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 768.52 Crore, up 160.72 % from last quarter Total Income of Rs 294.77 Crore and up 136.26 % from last year same quarter Total Income of Rs 325.28 Crore. Company reported net profit after tax of Rs 264.81 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from an Ascending Triangle pattern neckline suggesting bullishness dominant. Further, RSI moving back above the 60-level confirms the uptrend.
Promoter/FII Holdings
Promoters held 67.7 per cent stake in the company as of 30-Sep-2021, while FIIs owned 22.21 per cent, DIIs 7.32 per cent.
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