Brokers’picks: Jefferies keeps buy on Oberoi Realty

With the finalisation of the hospitality partner and receipt of approval for the Esquire project, expect launches and presales to pick up in H2

By ET Bureau | Jul 19, 2013, 07.04 AM IST

TARGET: Rs 300

CURRENT PRICE: Rs 198.20

Stock underperformed on delays in launches and approvals and volumes.

With the finalisation of the hospitality partner and receipt of approval for the Esquire project, expect launches and presales to pick up in H2.

Key risks are ORL’s inability to buy land at reasonable prices and sharp slowdown in Mumbai market.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!