Buy Oberoi Realty, target price Rs 1118: HDFC Securities

HDFC Securities has buy call on Oberoi Realty with a target price of Rs 1118. The current market price of Oberoi Realty is Rs 825.95. Time period given by analyst is one year 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 29960.82 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-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 842.94 Crore, down -.38 % from last quarter Total Income of Rs 846.19 Crore and up 5.25 % from last year same quarter Total Income of Rs 800.87 Crore. Company reported net profit after tax of Rs 231.55 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 67.7 per cent stake in the company as of 31-Mar-2022, while FIIs owned 20.26 per cent, DIIs 9.09 per cent.