Oberoi Realty share price: Buy Oberoi Realty, target price Rs 605: IIFL

Admin20 May 2021

4 1 minute read

IIFL has buy call on with a target price of Rs 605. The current market price of Oberoi Realty Ltd. is Rs 580.55.

Oberoi Realty Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 21338.00 Crore) operating in Real Estate sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 800.87 Crore, down -4.38 % from last quarter Total Income of Rs 837.57 Crore and up 27.99 % from last year same quarter Total Income of Rs 625.73 Crore. Company reported net profit after tax of Rs 286.53 Crore in latest quarter.

Investment Rationale
Stock has given a long term bullish inverse head & shoulder breakout on the daily chart.

Promoter/FII Holdings
Promoters held 35.8 per cent stake in the company as of June 30, 2020, while FIIs held 39.6 per cent, DIIs 13.2 per cent and public and others 11.3 per cent.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)